
Jackson Hole Returns: Nikkei 225 and Nasdaq 100 Volatility in Focus
Historical Jackson Hole returns point to elevated Nikkei 225 volatility around Fed speech day, with Nasdaq 100 direction hinging on Kevin Warsh.
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Historical Jackson Hole returns point to elevated Nikkei 225 volatility around Fed speech day, with Nasdaq 100 direction hinging on Kevin Warsh.

The Nikkei 225 remains under pressure after a sharp decline, but today's reaction to weaker-than-expected SK Hynix earnings may prove more important than the results themselves. If AI stocks refuse to fall on bad news, the ingredients may be in place for a tactical bear squeeze.

Japanese assets are rallying after the government floated the prospect of the GPIF investing more heavily at home. While the proposal could have significant implications for global capital flows, it does not yet change the broader forces driving Japanese bond yields and USD/JPY.

A weaker yen and improving corporate sentiment are supporting Japan's equity market, but the chart suggests bulls still have one important hurdle to clear.

Wall Street steadies after a choppy week as traders assess whether the ASX 200 and Nikkei can build on early signs of a technical bounce.

The Nikkei remains in a broader uptrend despite Tuesday's rout, but growing chatter around possible intervention means USD/JPY could hold the key to what happens next.

Today's BOJ hike wasn't the story. The real question was whether officials would blink on QT after weeks of media speculation.