Yesterday at 20:30, the full closure of the Chiba East JCT to Yamada IC section on the E82 Chiba East Kanayama Road—covering both the up and down lanes—was officially lifted. That’s good news in a sense; at least traffic has resumed to some extent. However, some road sections are still closed, mainly to urgently repair the disaster-affected areas and restore traffic as soon as possible. This has inconvenienced users—that’s true—but there’s not much that can be done; we can only hope they get it sorted quickly.
Now, turning back to the market situation: $JCT today fell directly by 28.8%, which is a very sharp drop. On the news front, even though there are signs of roads reopening, the market clearly isn’t buying it. It may be digesting the impact of further closures ahead, or perhaps the sentiment simply collapsed. Let’s review: in cases like this, where there’s a sudden negative catalyst plus ongoing uncertainty, price fluctuations tend to be especially large. A 28.8% decline indicates heavy selling pressure; in the short term, most funds are basically running for the exit, and the “catching” demand is weak. At this point, what matters most is the progress of the subsequent repairs and the market’s expectations for long-term restoration of traffic. If more negative news comes out, there could be further downside.
Now, turning back to the market situation: $JCT today fell directly by 28.8%, which is a very sharp drop. On the news front, even though there are signs of roads reopening, the market clearly isn’t buying it. It may be digesting the impact of further closures ahead, or perhaps the sentiment simply collapsed. Let’s review: in cases like this, where there’s a sudden negative catalyst plus ongoing uncertainty, price fluctuations tend to be especially large. A 28.8% decline indicates heavy selling pressure; in the short term, most funds are basically running for the exit, and the “catching” demand is weak. At this point, what matters most is the progress of the subsequent repairs and the market’s expectations for long-term restoration of traffic. If more negative news comes out, there could be further downside.