The U.S. consumer price index came in above market expectations, and views are spreading that expectations for an early U.S. rate hike will be reignited. Against this backdrop, the Japanese stock market is expected to face a sharp decline for a second straight session on 15 October.
Attention is focused on U.S. long-term interest rates following the upside surprise in U.S. CPI, and expectations for an early U.S. rate hike could be reignited. The prevailing view is that this could strengthen downward pressure on the Japanese stock market as well.
The Nikkei 225 is reportedly moving around ¥67,744.29, and the Japanese market is expected to enter a declining phase in line with U.S. market movements. The dollar-yen rate is expected to remain around ¥158 to the dollar, increasing uncertainty in the investment environment.