The Nikkei index
is expected to trade between 15,700 and 16,300 next week with the Fed's rate decision and its accompanying statement crucial in determining the market's direction.
After opening lower, dragged down by Thursday's fall on Wall Street, the key Nikkei index
recovered to plus territory shortly after, boosted by continued brisk purchases by foreign investors, traders said.
An index swap also allows investors to defer tax on appreciated securities by swapping the portfolio's performance for that of an index such as the Standard & Poor's 500 or the Nikkei index
The low-cost capital unleashed a flood of lending and speculative activity on the stock market, which soared past 39,000 yen on the Nikkei index
at its peak in December 1989.
Thus, we see less risk on the downside and greater performance on the upside than we do on the Nikkei Index
, which fell more than 63 percent from early 2000 to early 2003 and has since recovered only 45 percent of its value," says Johnson.
The Nikkei index
eked out a slim gain on Wednesday amid receding concerns over a possible military strike on Syria, but moved off the session high due to caution following a recent sharp rally.
Tokyo stocks climbed Wednesday with the Nikkei index
ending at a one-month high above the 14,000 line as buying on the yen's weakness offset earlier selling to lock in recent sharp gains.
Tokyo stocks surged Tuesday, with the Nikkei index
ending up nearly 3 percent at its highest level in three weeks due to the yen's slide
Dollar (USDOL), Eurodollar Perpetual Futures (EUROD) and Tokyo Nikkei Index
Tokyo stocks surged Tuesday morning, with the Nikkei index
hitting its highest level in about three weeks due to the yen's slide and a rosier global economic outlook.
Dollar Perpetual Futures (USDOL), Dow Jones Industrial Index (DJIA), S&P 500 Index (SP500), American SE Internet Index (IIX), Philadelphia Semiconductor Index (SOX), Nasdaq 100 Index (NDX), American Biotech Index (BTK), Natural Gas Index (XNG), Crude Light Perpetual Futures (CRUDE), Natural Gas Perpetual Futures (GASFR) and Tokyo Nikkei Index
Tokyo stocks lost ground Thursday with the Nikkei index
ending at a fresh two-month low amid concern over an early tapering of the U.