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.
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.
