The Nikkei fell rather significantly during the course of the day on Wednesday, as we broke well below the ¥16,000 level. As this looks very negative, we
The Nikkei fell rather significantly during the course of the day on Wednesday, as we broke well below the ¥16,000 level. As this looks very negative, we believe that this market will continue to go much lower. At this point, stock markets around the world continue to fail, and the Nikkei cannot deal with all of the selling pressure, regardless of whether or not the Bank of Japan pursues negative interest-rate with that being the case, we think that this market, just like any other stock market, is a “sell only” scenario right now.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
