The Nikkei Average fell ¥6,337 over the past two weeks, with falling US stocks and expectations for USD/JPY to remain in the ¥156 range cited as factors for the start of the week. Some reports also point to weak US stocks and concern over higher oil prices as weighing on the market.
The Nikkei Average has fallen sharply over the past two weeks as trading begins at the start of the week. The article reports the view that falling US stocks and oil-market developments will determine the direction of the Japanese market.
The decline in US stocks is cited as a factor for the start of the week, while USD/JPY is expected to remain in the low ¥156 range. This could heighten concerns over the outlook for Japanese stocks.
Market participants are watching developments on the next trading day and believe that trends in the US market and foreign exchange movements will affect the opening of Japanese stocks.