Middle East developments and long-term interest-rate trends are likely to be the focus of Japan’s financial markets this week, with expectations that the Nikkei Stock Average will target the ¥69,000 range. In foreign exchange, the yen is expected to trade at ¥156–160 per dollar, while the yield on newly issued 10-year Japanese government bonds, a benchmark for long-term interest rates, is expected to remain around 3.1%.
This week’s financial markets are expected to focus on developments in the Middle East and long-term interest-rate trends. Some expect the Nikkei Stock Average to target the ¥69,000 range.
In the foreign exchange market, the yen is expected to trade at approximately ¥156–160 per dollar, while the yield on newly issued 10-year Japanese government bonds, a benchmark for long-term interest rates, is expected to move broadly around 3.1%.