The Nikkei 225 is expected to face resistance on the upside on the 28th, while it is also forecast to test levels around ¥64,300 against the backdrop of movements in AI-related stocks in the US market. Earnings announcements from major Japanese and US companies and the FOMC's decision will be the market's focus.
On the 28th, the Nikkei 225 is expected to rise from the previous day's close of ¥63,268, with buying in AI-related stocks potentially lifting it to around ¥64,300. This follows a move in the US equity market in which AI-related stocks, including semiconductor stocks, pushed up the market, and a similar trend is expected in the Japanese market.
Buying of AI- and semiconductor-related stocks could be the main feature of the Tokyo market, and stock selection is expected to support the market, according to reports.
Attention is expected to focus on the release of the US Federal Open Market Committee's (FOMC) decision scheduled for the 28th and earnings announcements from major Japanese and US companies, according to the report.