It is expected that the Japanese economy will return to the level before the outbreak of the epidemic this quarter

Fundamental analysis:

The Nikkei 225 index closed up 592.82 points, or 2.21%, at 27374.50 on May 30 (Monday). According to a Reuters survey, about 70% of the 28 economists expect that the Japanese economy will recover to the level before the outbreak of the epidemic at the end of 2019 in this quarter. Japan's GDP is expected to grow by 2.3% in fy2022 and 1.5% in fy2023 (2.5% and 1.6% in April respectively).

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

Technical comments: the bullish power continued to fluctuate and rise near the upper rail of the Bollinger belt index. After the high level reached the nodes near 27406, it began to sort out. The short-term bullish power continued to continue the rising trend of the nodes near the upper rail. The Bollinger belt index showed a slow opening trend. The MACD index maintained a slow upward movement in the bullish area, and the RSI index began to wander after the bullish area maintained a weak upward movement;

Multi empty turning point: 27272

Pressing position: 27454, 27566

Support position: 27159, 27051

Trading strategy: bullish above 27272, target 27454, 27566

Alternative strategy: 27272 bearish below, target 27159, 27051

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