After the U.S. rise, I don't think we can expect selling at the start of trade, but investors are waiting for 2 p.m..
More Quotes from Kenichi Hirano:
The Nikkei is likely to stay underpinned at around 12,400 for now, about 2 percent above its 20-day moving average.Kenichi Hirano
After the strength abroad, I think we'll see some fresh highs today.
Kenichi Hirano
On the individual level there is a lot of short-term movement right now, as everyone knows that Japanese stocks are in an upward trend over the long term.
Kenichi Hirano
We've had a great run, but it's too much, too fast. The economic data haven't been strong enough to justify the kind of gains we've seen recently.
Kenichi Hirano
Because Japan is an energy efficient country, up until now higher oil prices just meant that resource-related stocks would advance and it wouldn't be a negative for any other sectors.
Kenichi Hirano
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