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JPN225: Weak finishing

2023-01-06
1009
Fundamental analysis:
The Nikkei 225 Index closed up 103.64 points, or 0.40%, at 25820.50 points on January 5 (Thursday). With the announcement of the Bank of Japan to offer zero or positive yield bonds, the world will bid farewell to negative yield bonds. Benchmark rates remain at zero or negative and bonds are bought to ensure yields are suppressed. The last to leave the negative-yield club is Japan, where the central bank has long stuck to ultra-loose policy.

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



Brief technical analysis:
4-hour chart: In the short term, it will maintain a low position and a narrow range, and the market’s bearish sentiment remains. In the short term, it may be entangled in a low level and weak position.
Long and short turning point: 25761
Compression: 25904, 26044
Support: 25542, 25417
Trading strategy: bearish below 25761, target 25542, 25417
Alternative strategy: call above 25761, target 25904, 26044

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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