Tokyo stocks on the 10th are expected to rebound on the back of gains in U.S. stocks before trading in a range, with the market also affected by the closure for the public holiday on the following day, the 11th. The expected range is ¥65,800-¥66,500.
Tokyo stocks on the 10th are expected to become increasingly cautious after the rebound. Buying may lead in the morning, but with earnings announcements continuing, the focus is expected to be on selecting individual stocks with strong earnings.
The dollar is expected to remain in the latter half of the ¥157 range and the euro in the middle of the ¥182 range, with limited movement. On a yen-converted basis, ADRs for INPEX, Recruit Holdings and Disco, among others, are trading higher than at the end of the previous week.
The yen-denominated settlement value of Chicago Nikkei 225 futures was higher than at the end of the previous week and is expected to trade around ¥66,315.
Key economic indicators and earnings scheduled for release include the July Economy Watchers Survey and the Summary of Opinions at the Bank of Japan's Monetary Policy Meeting. Sumitomo Metal Mining is also scheduled to announce its earnings.
The source is Wealth Advisor, which provides information on domestic market trends as a reference for investment decisions.