The Nikkei Stock Average Volatility Index (Nikkei VI) rose sharply from the previous day to 32.05. With the continued appreciation of the yen and decline of the dollar raising market concerns, views emerged that volatility would remain elevated after the market opened.
The Nikkei VI rose sharply to 32.05, up 10.19 points from the previous day, a 46.61% increase. It reached a high of 33.06 and a low of 28.86, while selling pressure led the Tokyo market at one point in the morning.
In the market, the appreciation of the yen and decline of the dollar in the foreign exchange market raised concerns in the equity market. The Nikkei VI remained at a high level today, following a rebound from its sharp decline at the end of yesterday's trading session.
The Nikkei VI was described as an indicator of the market's expectations for future movements in the Nikkei Stock Average, and as tending to return to a certain range after a sharp rise.