Strong yen and oil prices to test the Nikkei225's resolve

Macquarie Warrants Singapore
09-08

💹This morning, the $Japanese Yen - Sep 2026(JPY2609)$ strengthened as much as 0.5% to 153.53 after rallying 1.2% overnight, taking its monthly gains to almost 4% and to its strongest level in 6 months

The current level of the yen has surpassed the peak of 157.17 on 3 Aug after US and Japan jointly intervened in late July to support the yen

The $Nikkei 225 Index(N225.JP)$ September futures are currently trading 0.2% higher to 66,550 as of 1015AM, adding to its 2.1% jump yesterday (also the index's best day in a month)

📈The index is now up 3.6% over four days

The stronger yen - which will put pressure on Japanese exporters - alongside rising oil prices which have risen another 1% today to USD 92.34, will be testing the Nikkei225's bullish resolve and ability to push past the psychological 67,000 level

⚙Investors who are keen to trade the moves in the Nikkei225 futures index can consider using either call warrants (for those short-term bullish) or put warrants (for those short-term bearish)

Here are the trending Nikkei225 warrants with the tightest spreads and highest liquidity:

✳Call $NKY 74000MBeCW261211(JKHW.SI)$ : Call JKHW: https://warrants.com.sg/tools/livematrix/JKHW

✴Put $NKY 57000MBePW261211(RAGW.SI)$ : https://warrants.com.sg/tools/livematrix/RAGW

Visit our index warrants page and view the relevant disclaimer at the bottom of the page: https://warrants.com.sg/education/indexETFwarrants

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