Tokyo stock prices are expected to remain volatile in the coming days, with the Nikkei 225 index expected to hover between 34,000 and 38,000.
In the second half of this week, equities sold off as the dollar fell sharply against the yen after policy meetings by the U.S. Federal Reserve and Bank of Japan, and on dismal U.S. economic data. On Friday, the Nikkei average fell 5.81% with the second-largest point loss of 2,216.63 to close at 35,909.70.
Next week sees the release of US economic indicators, including the Institute for Supply Management’s non-manufacturing purchasing managers’ index for July, the minutes of the BOJ’s Policy Board meeting in June and key opinions from the last meeting, in which the Bank of Japan raised its policy rate to around 0.25%.
