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.
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.
