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...
By Danish Lim Zhi Lin, Investment Analyst
Current Performance of SGX Nikkei 225:
The Nikkei 225 Index plunged -12.40% on 5 August, its steepest single-day decline since 1987. Investors fled equities as a stronger yen hammered export stocks, tighter monetary policy led to an unwinding of carry trades, US recession fears, and a rotation out of Tech amid “AI...
By Eric Lee , Sales Director from Phillip Nova
The Nikkei 225 index is currently trading near its 200-day moving average (200D-MA), a crucial technical indicator that often signifies long-term market trends. At the same time, the index is hovering around the 37,000 level, a significant support that has held firm multiple times in the past.
Technical...
By Danish Lim Zhi Lin, Investment Analyst
Current Performance of SGX Nikkei 225
As of 22 July, the SGX Nikkei 225 September contract has slipped below the 40,000 level, hovering around 39,710 at around 11:04 SGT.
Much of the decline can be attributed to a stock rotation out of Tech and into cyclicals and small caps across the globe. Semiconductors &...
By Eric Lee , Sales Director of Phillip Nova
Substantial Upward Trends in GBP/JPY and Nikkei 225 from 2020 to 2024
Over the past 4 years, from 2020 to 2024, both the GBP/JPY exchange rate and the Nikkei 225 index have shown substantial upward trends. The chart below indicates a close correlation between these two financial indicators, particularly from late...
By Eric Lee , Sales Director of Phillip Nova
Substantial Upward Trends in GBP/JPY and Nikkei 225 from 2020 to 2024
Over the past 4 years, from 2020 to 2024, both the GBP/JPY exchange rate and the Nikkei
225 index have shown substantial upward trends. The chart below indicates a close
correlation between these two financial indicators, particularly from...
By Danish Lim Zhi Lin, Investment Analyst
Current Performance of SGX Nikkei 225:
As of 9 July, the SGX Nikkei 225 September contract briefly topped the 41,000 level, gaining 1.32% as of 11:01 SGT. The movements tracked overnight gains in US semiconductor shares, as investors remain optimistic ahead of Powell's semi-annual testimony to congress and inflation...
Impact of Japan’s Largest Pay Raise on Nikkei 225: Market Insights & Trading Ideas
Historic Pay Raise Boosts Japanese Economy
By Eric Lee , Sales Director from Phillip Nova
On March 22nd, Japan’s largest union group, Rengo, announced that Japanese firms have
agreed to raise salary by 5.25% this year. This is the biggest raise the country had seen
since...
By Danish Lim Zhi Lin, Investment Analyst
Current Performance of SGX Nikkei 225:
As of 26 June, at 10:40 SGT, the SGX Nikkei 225 Index Futures contract was up by 1.52%, led by
semiconductor-related stocks Tokyo Electron and Advantest. Sumitomo Pharma surged following
reports it is considering layoffs and a new plant. This would mark the 3rd consecutively...
By Danish Lim Zhi Lin, Investment Analyst
Current Performance of SGX Nikkei 225:
The SGX Nikkei 225 Index Futures contract underperformed in April (-5.03%) and was nearly flat in May (-0.05%) as the rise in 10-year JGB yields following the BOJ’s March and May meetings weighed on semiconductor names and other growth stocks.
Impact of Yen Depreciation:...
By Eric Lee , Sales Director from Phillip Nova
50-day Moving Average and Historical Scenario
The 50-day moving average often serves as a key consolidation level for the Nikkei 225.
Historically, after significant up or down movements, the index tends to consolidate around
this average before resuming its trend. A notable example occurred between mid-July...
The EURUSD has been consolidating in a diamond formation since a week ago after bouncing off the April bottom around 1.0602. Diamond pattern, when identified after an uptrend, suggests that prices tend to reverse to the downside. Since 8 March, the EURUSD has been on a broader downtrend and the rally since mid April could be a pullback within the broader...
On weekly chart, the USDJPY continues soaring after a bullish breakout from a long term ascending triangle formed since 2022. The bullish breakout occurred on 10th of April when the pair decisively pierced above the 152 resistance zone, and the breakout with an upside target of 176 (measured by triangles height) remains valid as the subsequent weeks continued...
