Tokyo stocks opened lower on the 8th, with selling prevailing from the outset. The stronger yen is weighing on the market amid a lack of market cues. The Nikkei 225 opened down ¥556 from the previous day at ¥65,843.
Tokyo stocks opened with selling prevailing, with the Nikkei 225 starting down ¥556 from the previous day at ¥65,843. With few market cues and European and U.S. stock markets lacking direction, the market was expected to remain unstable under futures-led trading.
The yen's move higher in foreign exchange markets is widely seen as a burden on the export sector. Meanwhile, with the major SQ settlement scheduled for the weekend, aggressive buying is expected to remain difficult.
The Nikkei 225 may show downside resilience at levels where demand for buying on dips is strong, and attention is focused on market movements after the selling runs its course.