[Fuji-Tomi] Tokyo Stock Exchange First Section trading value hits this year's low ahead of tomorrow's Easter and US-Japan Economic Dialogue
The Nikkei stock average briefly rebounded for the first time in five sessions, finishing at 18,355.26 yen, up 19.63 yen (0.11%) from the previous close. The autonomous rebound after four consecutive declines, and the easing of the yen’s strength and the dollar’s weakness in the currency market were viewed positively. However, with Easter and the Japan-U.S. economic dialogue tomorrow, a wait-and-see mood spread, and the trading value on the first section of the Tokyo Stock Exchange was roughly 1.6337 trillion yen, the lowest this year.
Nikkei futures for June settled 10 yen lower at 18,310 yen, after a fifth straight low. The Nikkei futures closed higher. It is favorable that the downtrend, which had persisted for nine consecutive sessions until last week, has abated. It is at a level where an autonomous rebound is anticipated. Depending on the FX market, one would like to see a battle around the 5-day moving average (18,454 yen) and the turning line (18,565 yen).
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