Nikkei 225 Opens Flat as Traders Wait on Bank of Japan Rate Decision

As seen on the 24/7 Wall St. homepage on September 7, 2026.

MARKET OPEN

Nikkei 225 🇯🇵 JPX

Sep 6, 8:00pm ET

+0.07%

416.42

Tokyo opens a fraction higher, and the flat tape is the story: traders are refusing to commit ahead of a Bank of Japan meeting that Governor Ueda has hinted could deliver a rate hike. A move would ripple straight through the yen carry trade funding US equities.

Continue ReadingShow less

The Nikkei 225 edged up 0.07% at the open on September 7, a restraint that is deliberate.

Traders are holding back ahead of a Bank of Japan meeting that Governor Ueda has signaled will bring a rate hike, which would reprice the yen carry trade, a funding mechanism that flows directly into US equities.

If the yen strengthens on a hawkish Bank of Japan decision, the cost of unwinding yen-funded positions rises across global markets.

Until the Bank of Japan speaks, that narrow drift is likely to continue.

Related Market Updates

MIDDAY

U.S. Markets

12:00pm ET

S&P 500+0.59%
Dow Jones Industrial Average-0.10%
Nasdaq Composite+1.03%

Money is concentrating in tech at midday: the Nasdaq is up 1.03% while the Dow sits slightly red, leaving anything outside growth names on the wrong side of the tape. Index-level calm hides a wide gap underneath.

CLOSING BELL

Europe

11:35am ET

🇬🇧 FTSE 100+0.30%
🇩🇪 DAX-0.47%
🇫🇷 CAC 40-0.71%

London finished higher while Frankfurt and Paris both slipped, a full point of separation between the FTSE 100 and the CAC 40 in a single session. UK exposure is where that gap is paying.

David Sacks @davidsacks

11:23am ET

Core PCE at 3.0%, missing expectations of 3.3%, is the number that moves rate odds, and the White House AI czar is amplifying it alongside a GDP revision. Growth holding up while inflation eases takes pressure off the Fed's next move.

Today’s economic numbers: — Q2 GDP revised up to 2.2% (was 1.5%). — Core PCE 3.0% vs 3.3% expected. — ADP private jobs +90k vs ~68k expected. Growth beat. Inflation cooled. Jobs better than expected. The Trump economy is strong.

Replies17
Reposts16
Likes145

Jim Cramer @jimcramer

11:07am ET

Cramer's read: softer morning data trimmed hike odds, but stocks stay capped until a pause is the base case.

Odds for Fed boost lower off early morning data... but not enough. Need no hike to take hold

Replies25
Reposts12
Likes102

Jim Cramer @jimcramer

9:52am ET

Cramer is pinning the Apple bull case on the DUO device, not the smart-home push investors have been pricing in.

Buy the stock of Apple because of the DUO, not smart home... Duo is AMAZING

Replies17
Reposts1
Likes48

Biggest movers · On the open 9:50am ET

Gainers

HPEHewlett Packard Enterprise$65.35+6.3%
NVTSNavitas Semiconductor$12.38+5.5%
NBISNebius Group$249.23+5.0%
CRWVCoreWeave$89.42+4.1%
IONQIonQ$45.68+4.0%

Losers

MRNAModerna$188.54-7.3%
CEGConstellation Energy$254.23-3.9%
NOCNorthrop Grumman$485-3.9%
APPAppLovin$296.5-3.0%
METAMeta$722.98-2.1%

Moderna is the session's widest move at the open, off 7.34% to $188.54, while Hewlett Packard Enterprise leads the upside at +6.27%. The gainer list skews toward AI infrastructure names; the losers span biotech, power and defense.

Eric Balchunas @ericbalchunas

9:35am ET

Bloomberg's top ETF analyst says spot bitcoin fund flows are back to their peak pace, enough to push price higher through a failed CLARITY Act and rising Treasury yields.

New from me: Bitcoin Bears Ponder Long Hibernation as ETF Inflows Buoy Price.. Bears got leftover negative sentiment, Clarity failing and rising yields and yet price grinded higher and ETF flows have returned to former glory. That's gotta be demoralizing for bears even if they https://t.co/kk5LPrijWp

Replies6
Reposts4
Likes22

Eric Balchunas @ericbalchunas Repost

8:53am ET

Q2 growth topped every one of the 53 forecasters in Bloomberg's survey, which hands the Fed a reason to stay patient on cuts and puts rate-sensitive trades on notice.

RT @Geiger_Capital: US Q2 GDP: +2.2% vs 1.5% exp. Solid growth. Came in higher than all 53 forecasters in Bloomberg’s survey predicted. h…

Replies0
Reposts13
Likes0

CLOSING BELL

Asia

4:00am ET

🇭🇰 Hang Seng+0.36%
🇨🇳 SSE Composite+0.32%

Hong Kong erased its weak open to close up 0.36%, and mainland shares tracked it higher, a sign buyers are still stepping in while Beijing drip-feeds stimulus.

MARKET OPEN

Europe

3:00am ET

🇬🇧 FTSE 100+0.17%
🇩🇪 DAX+0.53%
🇫🇷 CAC 40+0.13%

Frankfurt is doing the heavy lifting in Europe today, with the DAX up 0.53% at the open against London's 0.17%. That gap is the cleanest read on where European risk appetite sits before US traders arrive.

MARKET OPEN

Asia

Sep 29, 9:30pm ET

🇭🇰 Hang Seng-0.55%
🇨🇳 SSE Composite—

Hong Kong gave back 0.55% at the open, breaking from Tokyo's 1.4% jump and taking the shine off Asia's risk tone US traders inherit today. Mainland shares sat flat, so the selling is Hong Kong's alone.

Data Release

2-Year Treasury Yield

Sep 29, 8:00pm ET

4.92%

+11 bp

The front end is pricing more Fed tightening, with the 2-year yield adding 11 basis points in a single session to 4.92%. Cash and short bills now set a higher bar for anything rate-sensitive in your portfolio.