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.
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.
