The Nikkei 225 remains in a consolidation range centered around ¥65,000, and with US economic data, Bank of Japan and FOMC events scheduled in succession next week, the focus will be on assessing market developments.
The Nikkei 225 continued to trade on the 26th largely within the range between its 25-day and 75-day moving averages amid daily price movements, with conditions continuing to hold around ¥65,000. Meanwhile, the US Nasdaq index rebounded with a gap up on the 27th after correcting to around 26,000 points.
Trading value on the TSE Prime market on the 26th was ¥670.57 billion, falling below ¥700 billion for the first time in four months as trading remained light. Investors refrained from aggressive trading ahead of earnings from major US semiconductor company NVIDIA and a speech by Federal Reserve Chair Warsh.
Next week marks the start of the September market, with a series of important events scheduled, including the US jobs report, Japan's major SQ, the FOMC meeting and the Bank of Japan's monetary policy meeting. Developments in the Japanese and US economies and corporate earnings will be the focus of the market.
As a basic market stance, it is considered essential to follow the trend, and there is a view that the market may move even under quiet trading conditions. Attention should be paid to the performance of US equities and signals of a market reversal.