The Tokyo stock market is expected to trade in a range of ¥65,800 to ¥66,600 today, the 8th. The Nikkei 225 was pushed higher the previous day by buying in AI-related stocks, while the yen's move toward strength is seen as potentially weighing on exporters.
The Nikkei 225 is expected to trade in a range of ¥65,800 to ¥66,600 on the 8th. AI-related stocks were bought on the previous day, the 7th, reportedly pushing up the Nikkei 225, but many market participants believe aggressive buying will not continue. The market is also expected to face selling on rallies.
Currency conditions are likely to affect export-related stocks, with the dollar expected to move toward the low ¥154s and the euro toward the low ¥179s against the yen. This could weigh on export-related shares.
Osaka Exchange futures stood at ¥60,670 in the night session, down ¥420 from the 7th's settlement price. This is being watched as a factor that could influence market direction.
Domestic indicators and events scheduled for the 8th include the July Monthly Labour Survey, revised April–June GDP, the August Economy Watchers Survey and a five-year Japanese government bond auction. Overseas, China's August trade balance and a US three-year Treasury auction are scheduled.
This information is not intended to serve as a basis for investment decisions and is provided for reference at the reader's own risk.