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By Danish Lim Zhi Lin, Investment Analyst
Current Performance of Nikkei 225 Index:
Since our last trade idea ( ), the Nikkei 225 Index has rebounded from around 36,215 on 9 September to 39,480 at the close on 6 November, a gain of about 9%.
Nevertheless, Japanese equities are yet to hit their July record highs, as a stronger Yen, political uncertainty, and...
By Eric Lee , Sales Director of Phillip Nova
Tracking the GBP/JPY and Nikkei 225 Relationship for Futures Trading
In my previous analysis of the Nikkei 225, I pointed out its strong correlation with the GBP/JPY currency pair, highlighting it as a key factor for traders to watch when trading Nikkei 225 futures. The Japanese yen’s strength is largely shaped by...
By Danish Lim Zhi Lin, Investment Analyst
Current Performance of Nikkei 225 Index:
As of 9 September, the Nikkei 225 Index was down by -0.48%, after falling as much as 3% as weak US Payroll added to slowdown fears and dampened risk appetite. The Nikkei 225 Index saw a 5th straight decline, with data showing Japan’s Q2 GDP expanded less than expected at 2.9%...
Navigating the Nikkei 225: Key Technical Indicators Suggest a Pivotal Moment for Traders
By Eric Lee , Sales Director of Phillip Nova
The Nikkei 225 index is currently at an inflection point, with several technical indicators pointing to a tug-of-war between buyers and sellers.
Technical Indicators to watch out for:
1. GBP/JPY:
The GBP/JPY currency...
By Danish Lim Zhi Lin, Investment Analyst
Current Performance of SGX Nikkei 225:
The Nikkei 225 Index looks to have recovered from a dreadful start to the month where the Nikkei 225 Index plunged -12.40% on a single day on 5 August due to an unfavourable combination of carry trade unwinding, tighter BOJ monetary policy, and US recession fears.
Since then,...
Navigating the Nikkei225's Volatility: BOJ's Rate Hike, Market Reactions, and Future Implications
By Eric Lee , Sales Director of Phillip Nova
BOJ’s Surprise Rate Hike and the Initial Market Reaction
After Bank of Japan surprised the market by increasing its interest rate by 0.25% on 31 July and BOJ Gov. Kazuo Ueda said at a news conference then of the...