The Nikkei Volatility Index (an index that represents how investors anticipate the magnitude of future market volatility) decreased slightly on the 6th, with a change of -0.02 (-0.07% decrease) to 29.07. The high was 29.42 and the low was 28.09. While the US stock market was volatile yesterday, making it difficult to find clues, the Tokyo market today saw buying as the primary trend, with the Nikkei 225 futures rising and the Nikkei VI decreasing at the opening. After the start of trading, the Nikkei 225 futures turned downward, but the downside was firm and market sentiment did not deteriorate significantly. On the other hand, there is also caution about the August employment statistics to be released in the US tonight, and the easing of the mood of vigilance against increased volatility is limited, with the Nikkei VI in the afternoon generally staying around yesterday's levels.

What is the Nikkei Average VI?

The Nikkei Average VI is a numerical value that represents the magnitude of volatility (volatility) of the Nikkei Average stock price that the market expects over the next month. It has the characteristic of rising sharply when the Nikkei Average stock price sharply drops, and usually has a weak inverse correlation with the Nikkei Average stock price. On the other hand, it also has the characteristic of returning to a certain range (around 20 to 30) after a sharp rise in value.