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JPN225: Move down the low position

2022-12-08
1058
Fundamental analysis:

Toyoaki Nakamura, Bank of Japan deliberation member: It is too early to adjust monetary policy as service prices are still low. Not sure if now is the right time to review the monetary policy framework. Once the outlook is brighter, the BOJ can certainly discuss policy normalization.
It may take quite a while for wages to rise in Japan.
The Nikkei JPN225——4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: The short-term dynamics fluctuate within a narrow range, and there are signs of shocks and downward signs in the short term. The market as a whole is in a low order, the MACD index is hovering at a low level in the short area, and the RSI index is in order below the 50 balance line;
Long and short turning point: 27546
Suppression: 27605, 27664
Support: 27453, 27393
Trading strategy: bearish below 27546, target 27453, 27393
Alternative strategy: call above 27546, target 27605, 27664

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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