JPN225: high down

The Nikkei 225 Index closed up 1.50 points, or 0.01%, at 26447.50 points on January 12 (Thursday). The Bank of Japan is likely to assess the side effects of its monetary easing at its policy meeting next week and may take additional steps to correct the distortion in the yield curve. The Bank of Japan made a surprise tweak to its bond yield curve control policy in December, though the move failed to address bond market distortions caused by the central bank's massive bond purchases.

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

Looking at the 4-hour chart: the high-level short-term dynamics fluctuate downward, and the short-term decline may continue. The market as a whole is in a short-term downward trend. The MACD indicator is in the long-term zone and slowly moves downward, and the RSI indicator is hovering below the 50 balance line;

Long and short turning point: 26180

Suppression: 26248, 26317

Support: 26080, 26017

Trading strategy: bearish below 26180, target 26080, 26017

Alternative strategy: call above 26180, target 26248, 26317