The Nikkei Average Volatility Index (an index showing how investors anticipate the magnitude of future market fluctuations) rose to 26.62 on the 24th, +2.29 (increase rate 9.41%) compared to the previous day. Note that the high price is 29.48 and the low price is 26.41. Buying took precedence in the Tokyo stock market today after 3 consecutive holidays, and Nikkei 225 futures began rising. In the market, while there is a sense of security since it passed the US Federal Open Market Committee (FOMC) and the Bank of Japan monetary policy meeting last week, Nikkei 225 futures rose 1,520 yen due to 3 days of continuous growth until last weekend, so there was also a sense of immediate overheating. From this situation, stock prices remained solid today, but the mood of being wary of heightened volatility rather strengthened, and Nikkei VI remained above the level of last weekend throughout the day.

[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.