In the Tokyo stock market this week, fading expectations for a US rate hike following the US employment report are expected to support market sentiment, while the Nikkei Average is expected to move toward ¥70,000. Continued buying of AI-related stocks is also expected to provide support.
The Tokyo stock market is expected to be supported this week as views spread that expectations for a US rate hike are receding following the US employment report released late last week.
Against this backdrop, the Nikkei Average is expected to move closer to ¥70,000, while buying of AI-related stocks is also expected to continue.