The Nikkei average is expected to consolidate near the highs in the afternoon session, with the key focus on whether it can maintain the morning session's gains and clearly break above the 75-day moving average in the ¥66,000 range. In U.S. markets, lower oil prices are providing reassurance, while concerns are spreading about rising long-term yields.
The Nikkei average is expected to consolidate near the highs in the afternoon session, with trading projected to preserve the gains recorded from the morning open. Investors are focused on whether the Nikkei average can break above the 75-day moving average in the ¥66,000 range.
In the United States, the restoration of half of Saudi Arabia's major pipeline generated reassurance through lower oil prices, while rising long-term yields have affected market sentiment. The release of U.S. economic indicators tonight could influence future market developments.
Against a backdrop of turmoil in overseas markets, persistently high U.S. long-term yields may weigh negatively on investor sentiment. Attention is turning to the August PCE deflator and Micron Technology's earnings, both due tonight.