On Tuesday (August 29), it closed up 32.50 points, or 0.10%, to 32230.00 points. Although inflation in Japan is already above the central bank's 2 percent target, the Cabinet Office's latest annual economic white paper said the risk of a resurgence of deflation cannot yet be ruled out. The BOJ may not again take the risk of acting prematurely.
JPN225 four-hour chart
Brief technical analysis:
Looking at the 4-hour chart, the Nikkei Index is still blocked below 32300, the MACD volume can hover around the zero axis, and the market has entered a wide range of consolidation. The resistance is around 32300, and the support is around 31600.
Resistance level: 32300 36000
Support level: 32000 31600
Main strategy: call above 32000, target 32300 32600
Alternative strategy: bearish below 32000, target 31600 31300