I would like to pay attention to the following 3 points in the late-day transaction on the 26th.

・The Nikkei Average rebounded, and there is a strong wait-and-see attitude ahead of announcing the results of the Bank of Japan meeting

・The dollar and yen are in a fight, waiting for the Bank of Japan's policy announcement

・Tokyo Electron ＜8035＞ is the top contributor to price increases, and SoftBank G ＜9984＞ is in the same 2nd place

■The Nikkei Average rebounds, and there is a strong wait-and-see attitude ahead of announcing the results of the Bank of Japan meeting

The Nikkei Average rebounded. The front-end transaction was closed at 37780.35 yen (estimated volume of 740 million shares), which was 151.87 yen higher (+0.40%) compared to the previous day.

The US stock market declined on the 25th. The Dow average closed at 375.12 dollars (-0.98%) of 38085.80 dollars, the NASDAQ depreciated 100.99 points (-0.64%) at 15611.76, and the S&P 500 closed at 5048.42, which was 23.21 points lower (-0.46%). It fell after falling close to sales that were concerned about a slowdown in growth due to a slowdown in gross domestic product (GDP) growth for the January-March fiscal year. At the same time, since growth in the price index for the same quarter accelerated more than expected, sales that were disgusted by long-term interest rate increases also strengthened. In high-tech, sales in response to meta's settlement also became heavy, and the NY Dow continued to decline as Caterpillar's decline pushed down. There was a soft trend throughout the day, but at the end of the day, the decline narrowed until the end of the game, supported by purchases expecting financial results from major companies, and ended.

Although US stocks fell, the Tokyo market started at a high level due to Alphabet and Microsoft's rapid growth due to overtime trading after financial results were announced. The Nikkei Average was in trouble at the previous day's closing price level, but after the first round of trading, US stock futures remained steady, and it rose to the 37800 yen level. However, since the results of the Bank of Japan's monetary policy meeting were announced at noon, aggressive trading was refrained, and the trading price on the previous prime market remained at around 2 trillion yen.

Among stocks adopted by the Nikkei Average, Keyence ＜6861＞, where the previous fiscal year's results slightly exceeded market consensus, rose drastically, and cyber ＜4751＞ rebounded because reports etc. from some securities companies were viewed as material. Also, SoftBank (9434), which announced that 1 share would be split into 10 shares, also rose. Additionally, SUMCO ＜3436＞, Socionext ＜6526＞, Canon ＜7751＞, and Nidec ＜6594＞ were purchased. Among stocks other than those adopted by the Nikkei Average, Nomura FHD (3231) had a buying advantage based on financial results.

Meanwhile, in connection with financial results, Shin-Etsu (4063) and Fujitsu (6702) had a sales advantage. In addition, Komatsu ＜6301＞, Hitachi Construction Equipment ＜6305＞, Shiseido ＜4911＞, and Nikon ＜7731＞ were sold. Among stocks other than those adopted by the Nikkei Average, financial results of Toko Takaoka ＜6617＞ were viewed negatively and temporarily stopped depreciating.

By industry, insurance, pharmaceuticals, electrical equipment, petroleum and coal products, metal products, etc. rose, while chemicals, electrical/gas industries, precision instruments, fisheries/agriculture and forestry, pulp/paper, etc. declined.

The exchange rate is in the 60 yen range of 155 yen per dollar. At the time of closing ahead, the results of the Bank of Japan monetary policy meeting have not yet been communicated, and the exchange market, like the stock market, is strengthening its wait-and-see attitude. Meanwhile, in the bond market, since it was reported at this meeting that a method to reduce government bond purchases was being examined, bond prices fell, and 10-year bond yields temporarily rose to the 0.935% range. Market interest in the announcement of the results of the Bank of Japan meeting is high, but there is also a strong mood to confirm the press conference of Bank of Japan Governor Ueda Kazuo at 15:30. If there were no surprises, there is a possibility that the wait-and-see mood will intensify in the Tokyo stock market later.

■The dollar and yen are in a fight, waiting for the Bank of Japan's policy announcement

The dollar and yen matched within a narrow range of 155 yen 53 yen to 155 yen 65 yen at the Tokyo market on the morning of the 26th. Looking at the Bank of Japan monetary policy meeting, the development lacked a sense of direction. There were situations where inflation indicators in the Tokyo metropolitan area slowed down and swayed in yen sales, but price movements remained small.

The trading range up to this point is 155 yen 53 yen to 155 yen 65 sen for the dollar and yen, 165 yen 75 yen to 166 yen 98 sen for the euro and yen, and 1.0718 dollars to 1.0730 dollars for the euro dollar.

■Backstage check stocks

・2 brands of Neurimune Biotech ＜4893＞ and Triple Eyes ＜5026＞ are stop-high

*Includes temporary stop height (sign value)

・Tokyo Electron ＜8035＞ is the top contributor to price increases, and SoftBank G ＜9984＞ is in the same 2nd place

■Economic indicators and statements from key figures

[Economic indicators]

・Japan/April Tokyo Metropolitan Consumer Price Index (excluding fresh food): +1.6% compared to previous year (forecast: +2.2%, March: +2.4%)

[Remarks by VIPs]

・Finance Minister Suzuki

“We will keep a close eye on trends in the exchange market”

“It is impossible to talk about the timing or means of exchange rate policy”

“The depreciation of the yen has both positive and negative aspects, but there are concerns about negative aspects.”

＜Domestic＞

・Bank of Japan Monetary Policy Meeting (last day)

・ 15:30 Bank of Japan Governor Ueda Meeting

＜Overseas＞

・Nothing in particular