The Nikkei as you can see broke higher during the course of the day on Wednesday, clearing the ¥15,100 level. In fact, we close just below the 15,200 and
The Nikkei as you can see broke higher during the course of the day on Wednesday, clearing the ¥15,100 level. In fact, we close just below the 15,200 and level, it appears of the markets ready to continue going higher as we closed at the very highs of the session. Ultimately, this market should continue to go much higher and therefore we believe that the longer-term move is to the upside as well and therefore we are buyers. The Bank of Japan should continue to support this market overall and therefore we have no interest in selling.
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.
