The Nikkei rose a bit during the course of the session on Thursday, as we await the Nonfarm Payroll Numbers coming out of America today. However, keep in
The Nikkei rose a bit during the course of the session on Thursday, as we await the Nonfarm Payroll Numbers coming out of America today. However, keep in mind that the Japanese do not have an opportunity to react to those numbers, so we could see a bit of volatility on Monday while seeing almost nothing happen on Friday. Regardless, we believe it is only a matter of time before this market rises so we are “buy only”, as we anticipate this market reaching towards the ¥20,000 level over the longer term. We also look at pullbacks as 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.
