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JPN225: low shock

2023-01-05
966
Fundamental analysis:
The Nikkei 225 Index closed down 382.00 points, or 1.46%, at 25712.50 points on January 4 (Wednesday). Bond markets are ramping up bets on the Bank of Japan's policy shift, with global funds selling Japanese bonds at record levels in the final days of 2022. Speculation about the Bank of Japan's exit from easy monetary policy is more likely to intensify further, and the Bank of Japan will have to continue buying bonds to stem the rise in yields.

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



Brief technical analysis:
Looking at the 4-hour chart: The bearish momentum remains low and weak and fluctuates within a narrow range. The market as a whole is in a weak position. Although the bullish momentum is waiting for an opportunity to enter the market, the overall momentum is still in a weak downward trend. wandering;
Long and short turning point: 25815
Press: 25970, 26119
Support: 25605, 25417
Trading strategy: bearish below 25815, target 25605, 25417
Alternative strategy: call above 25815, target 25970, 26119

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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