The Nikkei 225 is likely to open higher for a second consecutive session in Tokyo trading on the 22nd. Buying of blue-chip stocks, particularly technology shares following earnings from companies such as SpaceX, is expected to lead the market against the backdrop of gains in U.S. equities. The Nikkei 225 is expected to trade in a range of ¥64,200 to ¥65,200, centered on the previous closing level.
The Nikkei 225 is expected to open higher for a second consecutive session in Tokyo trading on the 22nd, with buying of Japanese blue-chip stocks likely to lead the market against the backdrop of gains in U.S. equities.
The rise in U.S. stocks following the performance of technology names such as SpaceX, which released earnings, could spread to the Japanese market.
However, the upside is expected to become limited once buying subsides, with the index forecast to trade in a range of ¥64,200 to ¥65,200 around the previous close.