The Nikkei 225 went back and forth during the course of the session on Tuesday, forming a bit of an exhaustive and volatile looking candle. At this point,
The Nikkei 225 went back and forth during the course of the session on Tuesday, forming a bit of an exhaustive and volatile looking candle. At this point, I think the markets will probably calm down a bit and simply grind sideways. I do believe that the ¥16,250 level below should be rather supportive, and as a result we could find yourselves bouncing in going to the ¥17,000 level, but I think at this point in time the market is probably going to look for a little bit of peace and calm.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
