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米CPI発表を前にしたリバランスの動き

Rebalancing movements ahead of the release of US CPI.

Fisco Japan ·  07:39

The Japanese stock market on the 11th is likely to have a strong sense of stalemate while waiting for US economic indicators. In the US market on the 10th, the NY Dow depreciated by 92 dollars and the NASDAQ was 141 points higher. Financial stocks such as JPMorgan and Goldman Sachs were sold, and energy stocks weakened due to the decline in crude oil futures prices, and became a burden on the NY Dow. Meanwhile, a corner of high-tech stocks was bought, and the NASDAQ index continued to grow. However, since the US Consumer Price Index (CPI) for August is about to be announced the next day, sales with adjusted holdings became dominant as a whole. The Chicago Nikkei 225 futures settlement price is 36140 yen, 10 yen lower than Osaka. The yen exchange rate is hovering in the 142 yen 40 yen range per dollar.

It seems that the Nikkei Stock Average will start with small movements in the form of falling in line with Chicago futures. There was also a scene where Nikkei 225 futures were temporarily sold up to 35610 yen during the night session, but a buyback movement began towards the end of the game, and it ended at 36100 yen. Even though it's unstable, it's easy to be aware of its solidity around 36,000 yen. Also, a corner of semiconductors such as NVIDIA has been bought, and although it is a rebalance movement, it is thought that it will support East Electric <8035>, etc.

Therefore, it seems that the Nikkei Stock Average will continue to move in the range of 36,000 yen to 36500 yen, which is yesterday's range. The Bollinger Band's -1σ is located around 35857 yen, and the same level seems to function as a support line. Also, futures options special clearing index calculation (major SQ) for the 9 month period are ahead on the weekend. Since rollovers associated with monthly changes are at the center of the futures market, movements that greatly tilt positions are limited. There seems to be an aspect where it is easy to be swayed by short-term trading, but coverage after that will also be quick.

Also, a television debate between Vice President Harris and former President Trump for the US presidential election will be held from 10:00 Japan time. While it seems to influence the course of the election campaign, there seems to be speculative movements using statements etc. as clues. In the United States, it is thought that trends are likely to emerge in response to CPI results, and from the viewpoint of holding adjustments, it seems that people will be aware of rebalancing movements that lead to repurchases of high-tech stocks in response to domestic demand profit determination.

The translation is provided by third-party software.


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