The expected range for the Nikkei 225 from 28 September to 2 October is ¥65,000–¥68,000, with the release date of the US employment report and whether the index can break above its 75-day moving average expected to be the main focus.
The video provides an outlook centered on the Nikkei 225's movements next week and gives an expected range of ¥65,000–¥68,000 for the index. It focuses on whether the release dates of important indicators, including the US employment report, and movements in the 75-day moving average will mark a turning point for the market.
Currency and commodity trends are also considered important. USD/JPY is expected to move from the upper ¥150s to around ¥160, with the exchange rate being influenced by factors supporting either yen appreciation or yen depreciation. Crude oil is indicated as falling temporarily from around 100 to the upper 80s before moving back into the 90s.
In the US market, the Dow, Nasdaq and S&P 500 are said to have risen at times under the influence of verbal intervention, while long-term interest rates are in an uptrend and are viewed as having moved above 5%. There is also a view that the downside risk for the S&P 500 is around 7%, alongside the opinion that any overall decline in the stock market will be limited.
Among individual stocks and indices, the video discusses movements in TOPIX supporting the Nikkei 225's upward trend, as well as Toyota Motor and Mitsubishi UFJ Financial Group. It also suggests the possibility of new highs depending on developments in early October.