Short
NIKKEI in USD
Nikkei will no longer rise in dollar terms. On the above chart we can see a very significant resistance from a slowly falling channel started in mid nineties.
So the question for Nikkei/JPY and Yen itself is whether Japanese central bank will go Venezuelan (or Zimbabwen) or will they halt its poisonous experiment. I bet on the second - in my opinion we can expect the sudden and very violent rise of Yen.
So the question for Nikkei/JPY and Yen itself is whether Japanese central bank will go Venezuelan (or Zimbabwen) or will they halt its poisonous experiment. I bet on the second - in my opinion we can expect the sudden and very violent rise of Yen.
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Related publications
Disclaimer
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.