The Nikkei 225 fell a bit during the course of the day on Thursday, as we continue to grind around the ¥16,500 level. Because of this, looks like we are
The Nikkei 225 fell a bit during the course of the day on Thursday, as we continue to grind around the ¥16,500 level. Because of this, looks like we are not ready to go anywhere at the moment, but I do think that eventually this market shows a bit of a bullish bias, due to the Bank of Japan feeling as if it needs to support the markets overall. I am a buyer of short-term supportive bounces, but realize at this point we will probably do more sideways trading than anything else.
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.
