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JPN225: high rise

2023-01-12
985
Fundamental analysis:
The Nikkei 225 Index closed up 249.44 points, or 0.95%, at 26425.00 points on January 11 (Wednesday). The BOJ could widen the trading range for the 10-year yield again as early as next month. The base case is that the BOJ may widen the yield target range to ±1% in March. Markets are pricing in the possibility that the BOJ will act next week if it finds it difficult to correct the distorted yield curve.

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



Brief technical analysis:

Looking at the 4-hour chart: the high-level bullish momentum continues to fluctuate and rise, the short-term bullish sentiment remains, the market’s bullish potential continues, the MACD indicator is in the bullish zone, and the RSI indicator is in the bullish zone and slowly rising;
Long-short turning point: 26441
Compression: 26549, 26610
Support: 26374, 26306
Trading strategy: Bullish above 26441, target 26549, 26610
Alternative strategy: bearish below 26441, target 26374, 26306

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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