''While it is possible that the weak dollar trend will continue, it looks like the dollar reached a
selling climax at the end of last week,'' said Koji Fukaya, a senior currency strategist at Deutsche Securities Inc.
''We saw the
selling climax in the morning,'' said Kazuhiro Takahashi, head of the equity planning and administration department at Daiwa Securities SMBC Co., noting that selling accelerated in the morning in light of relentless selling in the Mothers and the Jasdaq markets that have already seen selling in recent sessions.
Brokers were pessimistic about the prospects of the market, saying the
selling climax has yet to arrive.
stocks experienced a '
selling climax' overnight and could start rising,'' Hidenori Karaki, equity general manager at Tokyo Mitsubishi Personal Securities Co., said.