Market participants are relieved as they now see the trend of foreigners exiting the Japanese market is over.
The market opened higher, but after that was dragged down by selling pressure on profit-taking.
The market is moving within a small range ... after the 'big event' and the positive response to it. But for now, there are no leads to push the market up further.
The market is dragged down by profit-taking, with shares that made gains recently under selling pressure.
Yesterday's (market) slump went too far so investors are targeting bargains.
Overseas investors appear to be on hold on concerns about further US interest rate hikes.
Basically, investors can't really take aggressive positions this week, as they are waiting for the Bank of Japan's meeting, even if they expect the end to the ultra-loose policy to come on Thursday.
Because of the uncertainties over exchange rates, investors were hesitant to chase export-oriented shares, and instead, went for domestic-demand-oriented shares.
With some US quarterly results robust, expectations for Japanese firms' earnings results to be strong are also growing.
Higher interest rates result in higher capital procurement costs -- when they borrow money from banks, for example -- hurting their investment.
