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.
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.
