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Bank of Japan governor says top priority is to stick to monetary easing

2022-06-07
948
Fundamental analysis:

The Nikkei 225 index closed up 167.43 points, or 0.60%, at 27929.00 on June 6 (Monday). Bank of Japan governor Haruhiko Kuroda said today that the Japanese economy is still in the process of recovery from the epidemic and is facing downward pressure from rising commodity prices.



Nikkei index jpn225 - 4-hour K-line chart display:




Technical comments: the upper rail section of the Bollinger belt index channel continued to fluctuate and rise, and the high level reached the node near 28110. The short-term bull power continued to rise, and the Bollinger belt index continued to show an upward trend. The MACD index remained in the consolidation and upward movement of the bull region, and the RSI index was in the fluctuation of the bull region;


Long short turning point: 27934


Pressing position: 28136, 28272


Support position: 27803, 27661


Trading strategy: 27934 bullish above, target 28136, 28272


Alternative strategy: 27934 bearish below, target 27803, 27661


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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