The Nikkei fell rather significantly during the course of the day on Wednesday, as we broke well below the ¥16,000 level. As this looks very negative, we
The Nikkei fell rather significantly during the course of the day on Wednesday, as we broke well below the ¥16,000 level. As this looks very negative, we believe that this market will continue to go much lower. At this point, stock markets around the world continue to fail, and the Nikkei cannot deal with all of the selling pressure, regardless of whether or not the Bank of Japan pursues negative interest-rate with that being the case, we think that this market, just like any other stock market, is a “sell only” scenario right now.
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.
