The Nikkei Stock Average ended the morning session at ¥64,534.03, down ¥790.26 from the previous weekend, while developments in the Tokyo market continued to signal caution. Dollar-yen was trading around ¥157.94.
At the morning close, the Nikkei Stock Average stood at ¥64,534.03, down ¥790.26 from the previous weekend, extending its morning decline. Market participants may have become more cautious ahead of option expiries and corporate earnings.
In the Tokyo currency market, dollar-yen was around ¥157.94 as of 11:30, making yen movements one factor affecting the Nikkei. Attention is also warranted on overseas market developments and the timing of domestic economic data releases.
Based on the morning session’s movements, investors are expected to watch the afternoon session for signs of further downside or a rebound in the Nikkei, as well as the schedule for earnings announcements and economic data releases.