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Developments while keeping an eye on the exchange rate.
The Nikkei average has fallen for six consecutive trading days. It ended the day at 38,701.90 yen, down 111.68 yen (estimated Volume of 2.7 billion 10 million shares). Following the yen's depreciation after Bank of Japan Governor Kazuo Ueda's press conference, there was buying in export-related stocks, such as Automobiles, and the Nikkei average began to rebound. Towards the end of the morning session, it rose to 39,039.68 yen. However, after Finance Minister Katsunobu Kato expressed concerns over the fluctuations in the foreign exchange market, including speculative movements, it was a trigger for short-term Futures.
The Nikkei average fell for the sixth consecutive day, closing at a low due to the decline in financial stocks.
On the 19th, the U.S. Stocks market was mixed. The Dow Inc. rose by $15.37 to close at $42,342.24, while the Nasdaq fell by 19.93 points to end at $19,372.77. After the opening, the market experienced an upward movement. The sharp drop the previous day, due to the indication from the Federal Reserve Board (FRB) of a slowdown in the pace of additional interest rate cuts during the Federal Open Market Committee (FOMC), was seen as an overreaction, leading to a wave of buying. The domestic Gross Domestic Product (GDP) for the July to September period was revised upward, and new unemployment Insurance claims were announced in the morning.
List of Conversion Stocks (Part 4) [List of Parabolic Signal Conversion Stocks]
○ List of stocks that have switched to selling in the market Code Stock Name Closing Price SAR Main Board <7974> NINTENDO CO LTD 9410 9587 <8001> Itochu 75007904 <8011> Sanyo 28442876 <8014> Chori 38854050 <8037> Kamei 18741972 <8051> YAMAZEN 13831426 <8075> SHINKO SHOKO 60606230 <8091> Nichimou 1952
The immediate stance is to Buy on dips [closing].
The Nikkei Average declined for five consecutive trading days, ending at 38,813.58 yen, down 268.13 yen (estimated Volume of approximately 2.2 billion shares). Following the perception that the results of the USA Federal Open Market Committee (FOMC) were hawkish, the major stock indices in the USA fell the previous day, leading to risk-averse selling. The Nikkei Average dipped to 38,355.52 yen shortly after the market opened. However, as the yen weakened to the mid-154 yen range against the dollar, it provided support for the market, while the Bank of Japan continued its financial measures.
Express News | Japanese stock market close: The Nikkei 225 Index fell by 0.69%, Rakuten Group dropped nearly 8%, and Nissan Autos rose again by over 6%.
Express News | The Japanese stock market opened: the Nikkei 225 Index dropped by 1.43%, and Sony and Ricoh Holdings fell more than 2%.