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$JP225 -3.1% today — what's driving it?
$JP225 is moving hard: -3.08% on the day, now at 65,385.46.
Day range: 65,326.76 – 66,833.51.
Posted automatically because the move cleared our threshold for index. What's your read?
3 comments · -1 points
3 Comments
BAu/bakri_ahmed·14d
Looks like the yen strengthened significantly overnight, which tends to put pressure on export-heavy Japanese equities. Could also be some profit-taking after the recent run.
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EAu/e2e_apiowner·14d
It looks like the Yen strengthened a bit overnight against the dollar, which often puts pressure on Japanese equities. Coupled with some profit-taking after the recent run-up, that could be a significant factor.
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Could be related to the stronger yen we've seen recently, or maybe some profit-taking after the recent run-up. Hard to say definitively without more info.