On the 13th, the Japanese stock market is likely to experience a stalemate phase after a round of buying, after which the index may start to gradually fluctuate. On 12th US market, Dow Jones Industrial Average falls by 35 points and Nasdaq rises by 264 points. As the May US Consumer Price Index (CPI) exceeded expectations, expectations for an interest rate cut within the year increased, and trading began with buying. While the Federal Reserve Board (FRB) decided to maintain the policy interest rate as expected at the Federal Open Market Committee (FOMC), the expected number of interest rate cuts within the year has been revised from three times to once, and the interest rate has bottomed out, leading the Dow Jones Industrial Average to turn downward. While semiconductor-related stocks were being bought, Nasdaq continued to hit all-time highs. The Chicago Nikkei 225 futures were trading at JPY 39,170, up JPY 220 from Osaka. The yen was trading at around JPY 156.70 against the dollar.

Starting with support from the Chicago futures contract, the market is likely to begin with a preference for buying. On the night session, the Nikkei 225 futures were supported by the 75-day moving average, and they expanded their gains after the CPI results, and were bought up to JPY 39,290. In the United States, Apple hit an all-time high for the second straight day, and high-tech stocks such as Nvidia were being bought. In the Tokyo market, TDK <6762>, Toyo Electric <8035>, Advantest <6857> and other large impact stocks on the index may become material supports for high-tech stocks with high value.

Although the Nikkei average fell yesterday, after falling to JPY 38,809 towards the end of the morning session, downward pressure has been easing. Although it fell below the 75-day moving average at around JPY 39,026, it is expected to capture the 75-day moving average again today. After a round of buying, while waiting for the results of the Bank of Japan's Monetary Policy Meeting, there is a possibility that the market may gradually turn into a phase of stalemate. However, if it continues to trade above the 75-day moving average, it is likely to attract buy-backs from sellers. As the futures option special settlement index calculation (SQ) for June approaches, there may be buying related to hedging. As the upward trend led by futures becomes more likely, attention is likely to focus on high-tech stocks with high value, which have a greater impact on the index. On the other hand, since trading related to the index will be the main driver, there may be limited searches for small and medium-sized stocks, and funds may concentrate on individual stocks with materials. The Growth 250 Index has clearly exceeded the 25-day moving average due to yesterday's rise, and if it shows further rise, it is expected to brighten up the sentiment.

In addition, as it has risen above JPY 39,000 again before the Futures and Options Special Liquidation Index Calculation (SQ) for June, buying related to hedging is also expected. As the upward trend led by the futures becomes more likely, attention is likely to focus on high-tech stocks with high value, which have a greater impact on the index. On the other hand, since trading related to the index will be the main driver, there may be limited searches for small and medium-sized stocks, and funds may concentrate on individual stocks with materials. The Growth 250 Index has clearly exceeded the 25-day moving average due to yesterday's rise, and if it shows further rise, it is expected to brighten up the sentiment.