The Nikkei average is expected to remain firm in today's Tokyo stock market. Expectations of a U.S. rate hike have receded amid weak U.S. employment data, and buying is expected to lead on higher U.S. stocks, although the market is expected to turn range-bound after the initial buying subsides.
The Nikkei average is expected to remain firm in today's Tokyo market. Japanese stocks are expected to trade with buying leading, against the backdrop of higher U.S. stocks.
The market is said to have responded favorably to the decline in expectations of a U.S. rate hike following weak U.S. employment data, making this a positive catalyst for Japanese stocks.
After the initial buying subsides, the Nikkei average is expected to enter a range-bound phase.