With the Bank of Japan policy meeting approaching, Tokyo stocks were up ¥525 from the previous day at the morning close, with buying leading the market overall despite a cautious tone. There is also speculation that the Nikkei 225 is likely to finish trading substantially higher.
The market was range-bound ahead of the Bank of Japan policy meeting, while Tokyo stocks showed strength, standing ¥525 above the previous day at the morning close. The Nikkei 225 is trading in the upper ¥65,000 range.
Movements in major U.S. markets and foreign exchange were also factors, with USD/JPY trading in the upper ¥156 range. The Dow Jones Industrial Average closed higher, and the trend in overseas markets may be affecting domestic markets as well.
The Shanghai Composite was trading in negative territory as of 4:00 p.m., while regional risk trends and movements in resource-related stocks were influencing the market.