The Nikkei gathered a little bit of momentum to the upside during the session on Friday, in anticipation of the Nonfarm Payroll Numbers coming out of the
The Nikkei gathered a little bit of momentum to the upside during the session on Friday, in anticipation of the Nonfarm Payroll Numbers coming out of the United States. They were much stronger than anticipated, and because of this we believe that the Nikkei will continue to go higher today. After all, the USD/JPY pair broke out to the upside, and the Japanese have not had an opportunity to react to the employment number yet. Ultimately, we feel this market goes to the 20,000 handle and then to the 20,500 level. We look at pullbacks as potential value that we can buy.
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.
