The Japanese index had a nice move higher during the course of the day on Monday, as we broke back above the ¥15,000 level. That being the case, the
The Japanese index had a nice move higher during the course of the day on Monday, as we broke back above the ¥15,000 level. That being the case, the market looks as if it’s ready to be bought again, especially considering that we close at the very top of the range for the day. Because of this, we are bullish of the Nikkei yet again, and we believe that the market is then going to head to the ¥16,000 level as the Bank of Japan continues to do what it can to support this market.
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.
