After dropping from 27,374, the index is approaching a major support zone at 24,700. This drop comes following the decision of the new governor of the Bank of Japan, Kazuo Ueda, and it could be a major opportunity for traders.
This move also lines up perfectly with our channel trading within support and resistance, so it's an exciting time to be in the market.
👀📈 Keep a close eye on the JPY225 index and see how price action develops. This could be a huge opportunity for traders!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.