The Nikkei Average Volatility Index (an index showing how investors anticipate the magnitude of future market fluctuations) rose slightly to 28.33, +0.20 (rate of increase of 0.71%) compared to the previous day, on the 11th. Note that the high price is 36.21, and the low price is 27.06. Sales took precedence in the Tokyo market today, and Nikkei 225 futures began falling. The return of Nikkei 225 futures was limited even after the first round of sales after the start of trading, and the decline widened in the afternoon. Meanwhile, since Nikkei 225 futures continued to fall by 2640 yen for 5 days until yesterday, there is also a calm view that they have dropped too soon, and today the spread of mood wary of heightened volatility is limited in spite of the drastic decline in stock prices, and although Nikkei VI generally fell below yesterday's level in the morning and moved above yesterday's level in the afternoon, the range of increase was limited.

[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.