The Nikkei is expected to trade in a narrow range today, with the market focused on the tug-of-war between higher US stocks at the end of last week and rising US interest rates.
The Nikkei is expected to trade in a narrow range in the Tokyo stock market today, supported by gains in major stock price indices in the US market at the end of last week. Meanwhile, the upward trend in US interest rates is expected to continue, and trading after the open may lack fresh catalysts.
Developments in the US stock market are likely to influence neighboring markets, with the sustainability of gains in US stocks and the persistence of rising US interest rates expected to be key factors for the Tokyo market.