Nikkei 225 Set for Steady Start on April 29 as Nasdaq Dip Fails to Dent Sentiment
Despite a slight dip in the Nasdaq, Nikkei 225 is poised for a steady to positive opening today, supported by strong domestic sentiment.
Key Highlights:
Nikkei 225 Prediction Today: 29 April Eyes Modest Gains Despite Wall Street Weakness
Japan’s benchmark Nikkei 225 index is expected to open steady to slightly higher on Tuesday, April 29, 2025, as investors remain optimistic despite a minor pullback on Wall Street overnight. Nasdaq’s dip of 0.097% is unlikely to materially affect Tokyo’s sentiment, which continues to be buoyed by strong domestic earnings and stable global commodity prices.
Global Cues Shaping the Session
- Nasdaq Composite closed marginally lower at 17,366.13 (-0.097%), easing from its Friday highs.
- Dow Jones Futures and S&P 500 Futures remained relatively stable post-close, indicating limited downside risk.
- Asian peers including ASX 200 and Singapore markets have shown resilience, further supporting Nikkei’s outlook.
Nikkei 225 Opening Outlook for 29 April
- Opening Range Forecast: 35,850 – 36,050
- Support Levels: 35,750 / 35,650
- Resistance Levels: 36,100 / 36,200
- Expected Trend: Mildly positive, consolidation likely in afternoon session
Key Drivers for Today’s Trading
- Corporate Earnings: Major Japanese corporations continue to post strong results, keeping local sentiment buoyant.
- Yen Movement: USD/JPY remains stable around 155.50 levels, supporting exporters.
- Commodity Prices: Crude oil and base metal prices hold steady, favoring industrial and machinery stocks.
- Global Risk Sentiment: Although Nasdaq softened, broader global cues remain constructive.
Sectors to Watch
- Exporters: Toyota, Sony, and Panasonic may benefit from a weaker yen.
- Technology: SoftBank and Keyence could mirror global tech trends.
- Industrial Machinery: Komatsu and Hitachi Construction expected to perform well amid commodity stability.
- Financials: Mitsubishi UFJ and Sumitomo Mitsui could gain if bond yields remain supportive.
Who Will Be Affected
- Retail investors participating in the Tokyo Stock Exchange
- ETF holders linked to Nikkei 225 (e.g., EWJ, DXJ)
- Foreign institutional investors eyeing Japan’s growth sectors
- Currency traders watching JPY influence on equity inflows
What This Means for Traders
For traders, today offers an opportunity to position for modest intraday gains, especially in exporters and large-cap tech stocks. However, caution is advised around midday if broader Asian markets lose momentum.
What Happens Next
Traders and investors will track:
- Earnings releases from major Nikkei constituents
- Japanese industrial production data expected later this week
- Global market movement, especially U.S. futures by midday
- Yen stability, which remains crucial for Nikkei’s short-term direction
If the Nikkei holds above 35,850 early in the session, a push towards 36,100–36,200 cannot be ruled out before profit-booking kicks in.
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