The Nikkei as you can see continue to go higher during the session on Thursday, but that being the case we are only buyers of this marketplace. Because of
The Nikkei as you can see continue to go higher during the session on Thursday, but that being the case we are only buyers of this marketplace. Because of this, the market is one that we will continue to buy every time it dips, as we believe that this market will head to the ¥16,000 level. The ¥15,000 level below should be supportive, and as a result we don’t really have any scenario in which we believe that this market can be sold, and with the Bank of Japan having a press conference today, it’s very likely that they will do several things or at least say several things 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.
