With crude oil rising into the $100 range, Tokyo stocks softened while holding above ¥70,000. Movements in US yields at 5.3% and the FOMC minutes are the focus for investors.
With crude oil prices trading in the $100 range, the Tokyo stock market showed signs of falling back despite holding above ¥70,000. Market attention is concentrated on developments in crude oil and US interest rates.
US interest rates are said to be approximately 5.3%, and the contents of the FOMC minutes are attracting attention as a guide to future monetary policy. This has heightened awareness of the risk of volatility in asset prices.
Future developments may vary depending on additional reports and movements in monetary policy in Japan and the US, and market participants are continuing to urge caution.