During the session on Monday, the Nikkei fell a bit during the course of the day only to turn back around at the ¥19,750 level. Ultimately, the market is
During the session on Monday, the Nikkei fell a bit during the course of the day only to turn back around at the ¥19,750 level. Ultimately, the market is testing the ¥20,000 level, so we believe that it’s only a matter time before he break above there. If we can get above the ¥20,000 level, the market should continue to grind its way towards the ¥20,500 level. We believe that pullbacks are buying opportunities as well, and it’s only a matter time before the stimulus measures by the Bank of Japan prevail, as the Japanese yen loses value.
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.
