The Nikkei initially gapped lower at the open on Tuesday and then shot much higher to fill that gap. Because of this, we believe that every time this
The Nikkei initially gapped lower at the open on Tuesday and then shot much higher to fill that gap. Because of this, we believe that every time this market drops, it is a nice buying opportunity for us. We believe that the massive gap below should continue to be supportive, and that we should target the ¥20,000 level again. Ultimately, we have no interest in selling whatsoever, there is far too much in the way of support below and reason to think that the Bank of Japan will continue to add liquidity to the markets.
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.
