02 November 2014
Posted in
sentix Weekly
The latest sentix survey underlines the extent to which the BOJ's surprise stimulus measures have impacted sentiment towards Japanese markets. In terms of the near-term outlook for the Nikkei 225, sentiment readings have spiked sharply higher, albeit they are shy of historic highs. While the initial impact on survey participants' views on the medium-term outlook has been less dramatic, investors are becoming gradually more upbeat from a more strategic perspective, after a latesummer setback in sentiment. On the other side of the sentiment divide, pessimism on the Yen versus the USD has also increased markedly, with near-term sentiment readings reaching historic highs on USD/JPY (while USD optimism is also high-end in EUR/USD). Investors seem to view BOJ moves as good for Nikkei, but bad for Yen.