The Nikkei VI rose sharply. It stood at 34.01 as of 14:00, substantially higher than the previous day, as the market became increasingly cautious ahead of upcoming events in the US and Europe.
The Nikkei VI stood at 34.01 as of the current time, up sharply by 6.35 points from the previous day, or 22.96%. Today's high was 34.16 and the low was 33.53.
Buying initially prevailed following yesterday's gains in US equities, but caution has increased as events approach, with the US FOMC in the early hours of the 29th, the ECB on the 29th and the Bank of Japan Monetary Policy Meeting on the 30th.
The Nikkei VI is normally an indicator of the expected magnitude of fluctuations in the Nikkei Stock Average over the coming month, and is said to tend to return to a range of around 20 to 30 after a sharp rise.
Buying is currently prevailing in the market, with Nikkei 225 futures opening higher, but caution related to the upcoming events is expected to continue.