The Nikkei as you can see when much higher during the course of the day on Wednesday, breaking above the ¥15,500 level, to show that we should continue to
The Nikkei as you can see when much higher during the course of the day on Wednesday, breaking above the ¥15,500 level, to show that we should continue to go much higher given enough time. The Bank of Japan will continue to add liquidity to the market via talking down the value of the Yen, as well as going into the bond markets as well as stock markets and support the value. The market looks as if it’s going to the ¥16,000 level, so we are very bullish of the Nikkei going forward, and 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.
