The Nikkei Stock Average Volatility Index (Nikkei VI) fell from the previous day. With earnings announcements from major US companies and the Jackson Hole meeting scheduled for this week, market caution intensified during trading hours.
On the 24th, the Nikkei VI fell 0.25 points from the previous day, or 0.88%, to 28.13, with an intraday high of 34.62 and low of 28.13. The Nikkei VI is an indicator of the market's expected volatility over the coming month and is generally understood to tend to move inversely to the Nikkei Stock Average.
Nikkei 225 futures traded slightly lower today, and market caution over volatility generally continued.
With Nvidia's earnings announcement and a speech by Fed Chair Warsh at the Jackson Hole meeting among the key events scheduled for this week, expectations are growing that volatility will increase during trading hours against this backdrop.