This technical-analysis video examines the prospects for the Nikkei average reaching the ¥70,000 range, focusing on the relationship between chart movements and interest-rate risks.
The video begins with movements in the Nikkei average's 5-minute chart, then explains how the daily chart and MACD have been developing. It goes on to cover movements in the daily yields on 10-year Japanese and U.S. government bonds, trends in the Nikkei average's PER and EPS, and performance comparisons among Japan's major stock indexes. It concludes by outlining key events scheduled for this week, including the timing of domestic companies' earnings announcements.
The video explains how the impact of rising-rate risks and the spread of concentration in stock selection could act as obstacles to the Nikkei average reaching the ¥70,000 range. Yield movements may be affecting the improvement in the charts, and attention is also required regarding the breadth of stock selection.