The Nikkei 225 rally during the course of the week, testing the area near the ¥17,000 level. We pulled back slightly, but at the end of the day it looks
The Nikkei 225 rally during the course of the week, testing the area near the ¥17,000 level. We pulled back slightly, but at the end of the day it looks like we are simply consolidating in general. If we can break above the ¥17,200 level, this market should continue to climb but I recognize that it will be choppy. Nonetheless, the Bank of Japan looks very likely to trying to support this market going forward so I don’t really have any interest in selling anyway. With this, I expect choppy but positive conditions.
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.
