Nikkei 225 for Wednesday, October 23, 2024

Nikkei 225 continues its sluggish decline.
The yen is weakening, but the EPS of the Nikkei 225 is also decreasing.
Theoretically, a weaker yen should boost the performance of export companies and push the Nikkei 225 upward, but that's not happening.
Despite the yen's depreciation, EPS is not rising. If that’s the case, the Nikkei 225 is likely to fall further.
It seems like it won't rise until it drops to a certain level first.
There are two weeks and two days left until the November SQ.
At this rate, it feels like we’ll see more selling pressure leading up to the November SQ.
Tomorrow at 21:30, the U.S. will release new jobless claims data.
I hope that will be a turning point.