The Nikkei as found support at the ¥19,250 level, and therefore we feel that the market is going to continue to bounce higher. We believe that the ¥20,000
The Nikkei as found support at the ¥19,250 level, and therefore we feel that the market is going to continue to bounce higher. We believe that the ¥20,000 level will be a bit of a target going forward, and also recognize that the market will probably struggle a bit there as well. Given enough time though, we will break above there and then reach much higher towards the ¥21,000 level. With no interest in selling the Nikkei, it is far too supported by the Bank of Japan as well as quantitative easing methods.
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.
