In Tokyo trading on the 8th, the Nikkei 225 is expected to come under pressure from the yen's appreciation into the ¥154-per-dollar range after its gains through the previous day. The U.S. market's closure the previous day is also likely to leave few trading cues, while the Nikkei 225 may continue to search for downside support.
In European foreign-exchange trading on the 7th, the yen surged into the ¥154-per-dollar range, prompting views that its rapid appreciation would weigh on Japanese stocks. The Nikkei 225 had risen by approximately ¥2,100 through the previous day on consecutive gains, but some analysts said the yen's appreciation could dampen market sentiment.
With the U.S. market closed and trading cues scarce, the Nikkei 225's move to search for downside support is expected to remain limited. The previous day's close was ¥66,399, while the downside target is seen at around ¥65,500.