Stock Talk September 2 Market, Nikkei 225 futures outlook [Watching U.S.-Japan bond yields, a stance of ignoring the rise and any pullback with no background is crucial]
Hello! This is Sakaguchi from Kabu Talk.
Today's main points of focus (the 2nd in Tokyo, the 2nd in NY) and headlines to watch
Will the dollar-yen reverse from the Tokyo session's 160.16–160.17 range to a stronger yen, or will the yen weaken further into the 160s?
Will the U.S. 10-year yield push higher from levels not seen since early 2025, or will it retreat temporarily?
If yields continue to rise, any rebound in semiconductors and growth stocks is likely to be a selling rally, with further acceleration risk.
Will the Semiconductor SOX index continue to fall, or will it find a bottom with RSI around 30.20?
Without a rally in the Semiconductor SOX index, it will be difficult for the Nikkei to sustain above 65,500.