The Nikkei gapped higher at the open on Friday, clearing the ¥19,000 level. With this, we feel that the market will continue to offer buying opportunities
The Nikkei gapped higher at the open on Friday, clearing the ¥19,000 level. With this, we feel that the market will continue to offer buying opportunities on pullbacks, and it should be noted that the weekly candle formed a massive hammer. With this, we believe that the Nikkei will continue to be one of the better performers over the long-term, as the Bank of Japan is still looking to liquefy the markets. We have no interest in selling, and believe that we will return to the ¥21,000 level given enough time, as stability returns.
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.
