In the week of 7–11 September, the Nikkei 225 is expected to face resistance on the upside, while the release of US CPI and the outlook for monetary policy will be the focus.
The Nikkei 225 is expected to face resistance on the upside in the week from 7 to 11 September. Investors are expected to focus on US economic indicators and the direction of monetary policy.
August US employment data showed a sharp increase in nonfarm payrolls that exceeded market expectations, and expectations for a US rate hike are said to have risen somewhat. Market movements are expected to reflect positioning ahead of next week's FOMC meeting.
The US Consumer Price Index (CPI), due to be released on the 11th, is cited as the focus for assessing monetary policy. The market's interest rate outlook could be affected depending on the CPI results.
Japanese long-term interest rates may look for room to fall from their highest level in 30 years as expectations grow that the Bank of Japan will accelerate rate hikes. Rising tensions in the Middle East are also cited as a market risk factor.