This week's financial markets are expected to focus on the situation in the Middle East and economic data, with the Nikkei 225 expected to trade around ¥65,000 and the yen around the ¥157-per-dollar level. The previous week was generally soft.
This week's financial markets will focus on the situation in the Middle East and economic data. Market participants are watching developments following remarks by the U.S. president and moves by the Houthis, with some taking the view that geopolitical risks could weigh on markets.
The Nikkei 225 is expected to trade around ¥65,000, while the yen in the foreign exchange market is expected to remain around the ¥157-per-dollar level and the yield on newly issued 10-year Japanese government bonds, an indicator of long-term interest rates, around 2.9%.
The previous week was described as generally soft, and the market could enter a different phase again depending on developments this week.