Stock Talk: 12th 225 futures, today's outlook and expected range [Macro, order flow, supply and demand and position analysis, buying bias and the pre-three-day weekend struggle]

Nikkei Stock Average Futures and Outlook, Today’s Expected Range, Technical Points by Price Band

Note: This week’s distribution is different from usual as highs continue to rise. Please understand in advance.

Comment

Macro Environment

U.S. stocks hit new all-time highs across the three major indices.

U.S. CPI rose 0.4% month over month, somewhat stronger, but year over year +2.9% and core +3.1% were as expected; the deterioration in initial jobless claims (the worst since October 2021) was the decisive factor.

The yield on the U.S. 10-year Treasury fell to 4.02% (bond buyback), and USD/JPY stabilized in the early 147s.

Ahead of the FOMC (Sept 17) and the Bank of Japan meeting (Sept 19), a combination of rate-cut expectations and a weak-yen trend is supporting the market.

Nikkei Stock Average Futures—Evening Session, Position Analysis
CME yen-denominated futures stand at 44,530 yen, and the Osaka Exchange after-hours close is 44,520 yen (up 340 yen from the previous day, +0.77%).