Reflecting the decline in US stocks, profit-taking is likely to lead trading in the domestic market. The expected range for the Nikkei Average today has been provided as a trading guide.
Against the backdrop of lower US stocks, selling is expected to lead in the Japanese market. Attention is focused on the range in which the Nikkei Average will move today, as investors assess developments during the trading session.
The Nikkei Average is currently at ¥64,659.47, up ¥705.28 from the previous day. Meanwhile, the Dow Jones Industrial Average, a key US market index, ended at $52,342.56, down 132.54. The dollar rose to ¥157.79 against the yen.
The Shanghai Composite Index fell to 3,651.43 points, down 30.03, and developments in Asian markets could also affect the Nikkei's expected range. The article provides a specific range for the Nikkei Average today, which is expected to serve as a guide to short-term price movements.