Nikkei 225 Volatility Index rises sharply amid concerns over higher crude oil prices and U.S. employment report

The story

As of 14:10, the Nikkei Volatility Index (Nikkei VI) was up sharply at 27.70, an increase of 4.78 from the previous day, or 20.86%. It traded between a high of 27.74 and a low of 27.17 today.

Nikkei 225 futures came under selling pressure from the outset, with gains accumulated over the past 3 consecutive days prompting increased profit-taking. Firm crude oil futures prices in overseas markets and caution ahead of the US September employment report due tonight also weighed on the market.

As the Nikkei VI indicates expected volatility in the Nikkei 225 over the coming month, the rise in volatility has led to a more cautious mood toward active trading in the market.

Market participants broadly expect the upward trend in volatility to continue alongside movements in the Nikkei VI.

At a glance

Index levelNikkei VI rose to 27.70 as of 2:10 p.m., up 4.78 from the previous day, or 20.86%

ChangeTrading between a high of 27.74 and a low of 27.17 today

FuturesSelling led in Nikkei 225 futures, with selling pressure intensifying

FactorsThe backdrop was firm crude oil futures and caution ahead of the US September employment report

TypeNikkei VI is an indicator of the expected magnitude of fluctuations in the Nikkei Average over the coming month

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