As of 14:15, the Nikkei 225 VI had declined 2.60 points from the previous day to 35.65. While market sentiment became cautious against a backdrop of the reaction to higher U.S. stocks, rising crude oil prices and firm long-term yields, downside in Nikkei 225 futures remained supported, with no signs of an expanding decline.
The Nikkei Stock Average Volatility Index (Nikkei 225 VI) had fallen 2.60 points, or 6.80%, from the previous day to 35.65 as of 14:15. The day’s high was 38.46 and the low was 35.60.
Nikkei 225 futures opened lower in response to overseas market moves, but downside remained supported after trading began. Concern about a sharp rise in volatility did not spread, and the VI remained below its weekend level.
Rising crude oil futures and firm U.S. long-term yields appear to have made investor sentiment more cautious while supporting downside in equities. It was also explained that the Nikkei 225 VI tends to return to a certain range after a sharp rise.