Analyst: AI Market Rally and Weakening Yen Drive Japan's Stock Market to Catch-Up Opportunity
13 hour ago / Read about 0 minute
Author:小编   

On September 23, analysts pointed out that driven by the global AI market rally, Japan's stock market is expected to catch up after resuming trading on Thursday. However, the weakening yen has raised market concerns about potential government intervention in the foreign exchange market. Nikkei 225 index futures reflect market optimism, with the December contract price on the Osaka Exchange trading approximately 2.5% higher than the index's closing price last Friday. Meanwhile, the yen continued to depreciate during the holiday period, falling for four consecutive days against the US dollar. Bond traders face mixed market signals, as uncertainty surrounding the Bank of Japan's monetary policy offsets potential benefits from declining oil prices. Hebe Chen, a market analyst at Vantage Global Prime, believes that the global AI market rally, improved risk appetite, and weaker oil prices provide room for Japan's stock market to catch up and alleviate short-term pressures on inflation and interest rates. She added that while yen depreciation may temporarily boost export company stock prices, the risk of Japanese authorities intervening in the foreign exchange market will keep traders cautious.