The Nikkei initially gapped lower at the open on Tuesday, and then turned back around to rally. We believe the buyers will continue to flood into the
The Nikkei initially gapped lower at the open on Tuesday, and then turned back around to rally. We believe the buyers will continue to flood into the market every time we pullback, so it’s only a matter of time before we can continue to the ¥21,000 level, as we believe that the market should continue to have buyers based upon the Bank of Japan and its quantitative easing programs that are long for me over. We believe ultimately that this market heads towards the ¥25,000 level. We have no interest whatsoever in selling this market at this point in time.
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.
