The focus for the week of 31 August to 4 September will be U.S. employment data, with the results potentially strengthening expectations for an FRB rate hike and intensifying pressure for yen depreciation. The Nikkei 225 is expected to remain capped on the upside, while AI- and semiconductor-related stocks are likely to test their downside.
The release of U.S. employment data will be the market's focus during the week beginning 31 August. Against the backdrop of FRB Chair Warsh signaling the possibility of a rate hike at Jackson Hole, stronger-than-expected employment data could heighten expectations for a U.S. rate hike and accelerate the yen's depreciation.
Although the equity market is showing a strong wait-and-see stance, AI-related and semiconductor-related stocks are expected to continue testing their downside. Depending on currency movements, the exchange rate could become a factor weighing on the Nikkei 225 in specific areas.
The Nikkei 225 is expected to remain under pressure on the upside, while attention is also being drawn to the impact of the yen exchange rate on the broader market. Market participants will pay particular attention to the U.S. employment data and movements in the yen.
Related topics include currency and interest-rate trends and domestic and overseas market conditions, while AI- and semiconductor-related developments will continue to attract interest.