The Nikkei fell at the open on Wednesday, but remains within the consolidation area that we have been in for some time. The market is of course still
The Nikkei fell at the open on Wednesday, but remains within the consolidation area that we have been in for some time. The market is of course still supported by the Bank of Japan by its purchasing of ETFs and the buying of Japanese Government Bonds, driving down the value of the Yen itself. This is the strongest of markets that we follow as far as external support, and we look at short-term pullbacks as buying opportunities as the market should continue to rock back and forth. Nonetheless, we have no real interest in selling at this point.
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.
