Strong JPY, Weak Nikkei. Trading Plans Post Fall
Diupdate
As the JPY has gained value, on propping up rumours via Japan Authorities, we have seen a drop in the Nikkei.
The pro growth rates set by the BOJ have allowed the Japanese Nikkei to grow to higher highs continually, inline with the positive market sentiment spurred on by a better global economic outlook and a soft landing.
A retracement, however, would reflect some of the economic woes induced by low rates. Anything that turns this around will likely take us back to highs.
Conversely, a continuation of current sentiment will bring us lower. Any longs, therefore, must be tiny, if any. Save them till later.
The pro growth rates set by the BOJ have allowed the Japanese Nikkei to grow to higher highs continually, inline with the positive market sentiment spurred on by a better global economic outlook and a soft landing.
A retracement, however, would reflect some of the economic woes induced by low rates. Anything that turns this around will likely take us back to highs.
Conversely, a continuation of current sentiment will bring us lower. Any longs, therefore, must be tiny, if any. Save them till later.
Catatan
Nikkei reaching support level 1 similarly to the SPX. Light longs warranted.
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Posts Not financial advice.
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