The Nikkei Average Volatility Index (an index showing how investors anticipate the magnitude of future market fluctuations) was 28.72 on the 9th, -0.35 (decline rate 1.20%) compared to the previous day. Note that the high is 41.43 and the low is 28.72. In response to the trend where major indices fell drastically in the US stock market last weekend, sales took precedence in the Tokyo market today, and Nikkei 225 futures began with a drastic drop. After a round of sales after the start of trading, Nikkei 225 futures were reluctant to decline, but in the market, Nikkei VI remained at a level where it rose drastically until just before the end of the transaction, due to the August US Consumer Price Index (CPI) announced on the 11th, the August producer price index (PPI) announced on the 12th, and the US Federal Open Market Committee (FOMC) and the Bank of Japan monetary policy meeting scheduled for next week. It turned lower at the end of the transaction.

[What is Nikkei Average VI]

The Nikkei Average VI is a numerical value representing the magnitude of fluctuation (volatility) of the Nikkei Stock Average over the next month as expected by the market. There is a characteristic of a sharp rise when the Nikkei Stock Average plummets, and there is usually a weak reverse correlation with the Nikkei Stock Average. On the other hand, it also has the characteristic of returning to a fixed range (about 20 to 30) after the numerical value rises rapidly.