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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
