The jobs data is the main concern here.
More Quotes from Tsuyoshi Segawa:
The plus reading will definitely pave the way for an end to the Bank of Japan's ultra-easy monetary policy and the market has not factored this in yet,Tsuyoshi Segawa
I think even after the Bank of Japan ends its ultra-easy policy, it would keep short-term interest rates at zero for a while. But the market is now concerned about how banks will change their lending stance.
Tsuyoshi Segawa
The speed of recent gains in telecoms was surprising. But people who had been climbing up a ladder without a break finally looked down to see how far they've come.
Tsuyoshi Segawa
I see no reason to buy banks now. Their fundamentals are shaky with bad loans and companies are stepping up selling of bank shares ahead of the September implementation of mark-to-market accounting rules.
Tsuyoshi Segawa
Investors are anxiously awaiting tomorrow as the data could increase volatility in the currency and other markets.
Tsuyoshi Segawa
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