Tokyo stocks are expected to remain volatile on the 16th as concerns over interest rates in Japan and the US persist. With the FOMC decision and Fed Chair Warsh's press conference ahead, investors are expected to adopt a more wait-and-see stance.
The expected range for Tokyo stocks on the 16th is ¥62,900 to ¥63,800, with volatile trading expected to continue amid concerns over interest rates in Japan and the US.
The FOMC decision and a subsequent press conference by Fed Chair Warsh are scheduled for the 16th local time, and investors are expected to become more inclined to wait for developments. The dollar is trading in the low ¥155 range, while the euro is around ¥179, with both currencies showing limited movement. ADRs are mixed in yen terms, although INPEX, Shin-Etsu Chemical and Nippon Steel are higher than their closing prices.
The yen-denominated settlement price for Chicago Nikkei 225 futures was ¥63,405, up ¥85 from the previous day. Domestic data due on the 16th include August trade statistics, July machinery orders and August international visitor arrivals. オリバー and オーディオストック are scheduled to make their IPO debuts.
Overseas, the US September NY Fed Business Leaders Survey is due at 21:30, followed by the US September NAHB Housing Market Index at 23:00. Other major indicators are also scheduled for release, and Fed Chair Warsh's press conference will be closely watched.