The US consumer price index (CPI) came in above market expectations, and long-term interest rates are rising. This is expected to weigh on today's Tokyo market, with the Nikkei 225 likely to face a battle around ¥60,000.
The US CPI came in above market expectations, and upward pressure on long-term interest rates is reportedly intensifying. As a result, concern is growing over the impact of external conditions on Japanese stocks.
The Nikkei 225 is expected to move around the psychologically important ¥60,000 level, with the market reportedly likely to swing in either direction depending on developments through the previous day and the outlook for corporate earnings.
Investors are said to need to focus on developments around the Nikkei 225's key level while monitoring US developments and trends in long-term interest rates.