We saw some short-covering on value stocks the day before, but the market is still risk averse.
The most uncertain market now is the foreign exchange market, and Japanese stocks will likely be swayed by it for a while.
The magic of 'Abenomics' has faded as the weak yen trend and hopes for stronger corporate profits are gone.
Such good news is offset by concerns about a slowdown in the Chinese economy.
Since the Japanese market saw a deep fall on Friday, the U.S. Job data offered a quick chance to buy back.
On top of good corporate earnings announcements, the weak yen helped support market sentiment.
North Korea's missile launch gave investors a reason to stay on the sidelines.
No one wants to be left behind if the Fed announces something unexpected.
It soured investor sentiment and gave them a reason to take profits from gains posted in the past two days.
Investors were spooked by last week's Wall Street's fall and braced for the damage to the Japanese market at the market open.
Investors are careful about taking positions as they expect that discussions will not be favourable for a weaker yen.
Heading into another peak earnings week, investors have focused on companies' efforts to raise shareholder returns.
Excessive fears for the global economy have receded.
A correction is not surprising at any moment given the overbought market.
