The Nikkei 225 Volatility Index stood at 33.13 as of 2:00 p.m., up sharply from the previous day, as market caution over volatility heightened ahead of events including NVIDIA's earnings announcement on the 26th and speeches at the Jackson Hole Symposium on the 28th.
The Nikkei 225 Volatility Index stood at 33.13 as of 2:05 p.m., up 5.00 points from the previous day, or approximately 17.77%, marking a sharp rise. It traded between a high of 34.16 and a low of 32.58 today. Nikkei 225 futures opened lower before finding support at lower levels and turning higher in the afternoon, while caution over rising volatility spread through the market.
Alongside movements in Nikkei 225 futures, events including NVIDIA's earnings announcement scheduled for the 26th and the speech by the Federal Reserve Chair at the Jackson Hole Symposium on the 28th were viewed as sources of market caution. The Nikkei 225 Volatility Index remained well above the previous day's level throughout the day.
The Nikkei 225 Volatility Index measures the expected magnitude of market fluctuations over the coming month and tends to rise sharply when the Nikkei 225 Average plunges. It generally has a weak inverse correlation with the Nikkei 225 Average and may return to a range of around 20 to 30 after a sharp rise.