The Tokyo stock market on the 11th is expected to remain soft after the previous day's retreat, with the trading range forecast at approximately ¥63,800 to ¥64,500. The yen has weakened, which is expected to provide support for export-related stocks.
The Tokyo stock market is expected to remain soft on the 11th after the previous day's retreat. Higher US interest rates have heightened caution across the market, and selling may lead trading.
The expected range is ¥63,800 to ¥64,500. With the SQ settlement-value calculation date for September stock index futures and options approaching, market attention is focused on its impact. The dollar/yen rate is expected to remain around the mid-¥154 range and the euro/yen rate around the low-¥179 range. If the yen weakens, export-related stocks may provide support on the downside.
Based on the yen-converted ADR prices on the 10th, Kioxia, ENEOS and Fujikura were lower than their previous closing prices in the Tokyo market. The yen-denominated settlement price for Chicago Nikkei 225 futures was substantially lower than the previous day, raising the possibility that overseas market movements could affect the domestic market.