The Nikkei VI fell to 30.25 as of 14:10, down 0.43 from the previous day. Although buying led the Tokyo market at times, caution has not completely subsided in response to rising overseas crude oil prices and movements in long-term interest rates, and the Nikkei VI has remained below yesterday's level.
The Nikkei Volatility Index (Nikkei VI) fell to 30.25 as of 14:10, down 0.43 from the previous day, a decline of 1.40%. It traded with a high of 30.73 and a low of 29.78 today.
Buying led the Tokyo stock market, although there were periods when it turned lower after trading began. Caution remained over higher crude oil prices in overseas markets and firming U.S. long-term interest rates, but with monetary policy events in Japan and the United States ahead, moves to accelerate declines were limited.
After morning selling ran its course, Nikkei 225 futures moved into positive territory, and market concern over rising volatility eased. The Nikkei VI has remained below yesterday's level.
The Nikkei VI tends to rise during sharp declines and move inversely to the Nikkei Stock Average. At the same time, after a sharp rise, it tends to revert to a certain range, generally around 20–30.