The Nikkei gapped higher at the open on Monday, and continue going higher during the course of the week. Because of this, we feel that pullbacks at this
The Nikkei gapped higher at the open on Monday, and continue going higher during the course of the week. Because of this, we feel that pullbacks at this point in time represent value, as the market should then reach towards the all-time highs again. The move higher might be a bit volatile, as we are starting to run into a bit of noise, but quite frankly we think that the writing is on the wall, and that the Nikkei will continue to enjoy support from the Bank of Japan, and of course its monetary policy decisions.
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.
