On the Tokyo Stock Exchange, the Nikkei Average has recently shown movements approaching its all-time high set during the bubble period, and on the 19th, it showed a slight decline. From the start of trading, the Nikkei Average started by dropping in value. In the day’s trading, it ended up being 16 yen 86 sen lower than the previous business day at 38,470 yen 38 sen, resulting in a rebound for the first time in three business days.

In finer detail, on the 19th Tokyo Stock Exchange, the Nikkei Average moved around 30,400 yen, a historical high zone. The most recent record high is 38,915 yen recorded in December 1989, but during the trading hours of the previous weekend, there were scenes where it approached this high by just about 50 yen. However, on the 19th, the price fell back due to the impact of the US stock downfall. This movement reverses the growing market expectations and likely leaves some investors unsatisfied.

Looking at the US stock market from the previous weekend, the early market rate cut expectation has receded. The effect of this has spread to the Japanese stock market the following week and is analyzed to have led to a fall in the Nikkei average. Still, it is hovering near the all-time high set during the bubble period in 1989, and the market’s focus continues to be on its trend.

While an update to the high price of the Nikkei average is expected, there are also voices paying attention to the ‘change’ in the overall market. To correctly discern market trends, it calls for analyses from a broad perspective, rather than sticking to a single indicator.