The dollar gained some ground against the yen after Japan's apparent intervention early this morning. That's something that makes the market feel good.
More Quotes from Norihiro Fujito:
We've seen a change in the trend of foreigners' investment stance on Japanese shares. It looks like a change in country allocation.Norihiro Fujito
We're starting to see some companies that are struggling significantly in the technology industry. With earnings being in focus this week, they may suffer selling.
Norihiro Fujito
Japan's stock market may return to a bullish trend today, helped by U.S. jobs growth. Automakers such as Suzuki and Honda may be particularly strong on the back of the strengthening dollar.
Norihiro Fujito
Sony's results led the market today. The surprisingly upbeat numbers gave the market its strong upward impetus, raising hopes for better-than-expected results from other companies.
Norihiro Fujito
It's not just the weakness in U.S. stocks this time. The dollar is falling (against major currencies) at the same time, and money is flowing out of the U.S..
Norihiro Fujito
The growth is clearly being driven by internal demand, and that means Japan is recovering on its own.
Norihiro Fujito
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