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JPN225: Bears down

2022-12-21
1023
Fundamental analysis:
The Nikkei 225 Index closed down 672.64 points, or 2.47%, at 26565.00 points on December 20 (Tuesday). The Bank of Japan kept its benchmark interest rate at a record low of -0.1% and the 10-year government bond yield target around 0%. Raise the upper limit of the 10-year Treasury yield target to 0.5% from 0.25%. Keep the guidance on policy bias unchanged, and will not hesitate to take additional easing measures if necessary.

The Nikkei JPN225——4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen at a low level, the short-term decline may continue, the market's bearish sentiment emerges, the MACD indicator is in the bearish area and continues to move down, and the RSI indicator is in the short-term area.
Long-short turning point: 26428
Suppression: 26569, 26711
Support: 26228, 26099
Trading strategy: bearish below 26428, target 26228, 26099
Alternative strategy: call above 26428, target 26569, 26711

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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