* Nikkei 225 Stock Average: +5.49 (+0.00%) to 17,289.30, first gain in four sessions both N225 and TOPIX
* Nikkei 225 futures Osaka: +10 (+0.1%) to 17,300, Singapore (SGX) 17,295, Chicago (CME) 7/27 — 17,020
* TOPIX: +6.00 (+0.3%) to 1,705.71; Advancers 1,110 x decliners 519 (unchanged 99), new highs 14 x new lows 313
* Jasdaq: +0.22 […]

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The yen was last up about 0.6% against the US$ at about 118.25 - 118.30. We wouldn’t be surprised to see 117 intra-day, but expect a 118+ close. Even with a quarter-point Bank of Japan [BoJ] rate hike next month, a 0.75% target is way below global rates — meaning a favorable rate gap for […]

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Nikkei 225 futures trading in Singapore (SGX) opened down 260 points to 16,970, obviously reacting negatively to the LDP losing a majority of upper house seats and the uncertainty over both the future of the Abe administration (PM Shinzo Abe) and the overall economy. Japanese stocks are already oversold but can clearly go lower. Still, […]

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The 25-day moving average of advances vs. declines among TOPIX 1st Section components stands at about 69, while the Jasdaq is at 73. Typically, when around 75, the market is considered oversold. When approaching the 125 level, the market is in turn becoming overbought. TOPIX 2nd Section stocks are at 78. This has to deal […]

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As expected, the LDP lost its majority in the upper house. Late reports from NHK show the LDP + Komeito losing 44 x 59 against the DPJ, with only three seats left. (See coverage by Reuters) PM Shinzo Abe says he’s staying despite the “severe” situation.
Japanese stocks are likely to be mostly range bound with […]

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