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Nikkei 225 JPN225 CFD

Nikkei 225 Reaches Psychological Level at 33,000In 2023, Japan's stock market is in a bullish trend (shown by the blue channel) as the country has an ultra-loose monetary policy (unlike other G7 countries that are fighting inflation). As a result, the cheap yen helps Japanese companies, which are largely export-oriented, to develop. According to the Cabinet of Japan, GDP in the second quarter of 2023 increased by 2% compared to the same quarter of the previous year. The growth of the Japanese stock market from the beginning of the year to today is about 28%. And on Sept. 5, the Nikkei 225 closed above the psychological 33,000 level. Yahoo Finance reports that Kenji Abe, Daiwa Securities equity strategist, predicts the Nikkei could gradually rise to 35,000 after a strong reporting season this summer. Bearish arguments: → the level of 33,000 points can serve as psychological resistance. After the Doji candle on September 6 (which can be interpreted as the uncertainty of market participants in the continuation of growth), the price dropped on the morning of September 7, which confirms the weakening of demand. → line (1), built on the highs of summer, can provide resistance. However, the bullish argument is that the line (1) is an element of the flag technical analysis pattern. If the pattern works, then we should expect its breakdown and the continuation of the trend in 2023. How likely this scenario is can be judged by the depth of the rollback from the line (1), which is already looming on the chart. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:J225
by FXOpen
JP225 to continue in a rally?NIK225 - 24h expiry Short term momentum is bullish. There is no indication that the rally is coming to an end. 32240 has been pivotal. A break of the recent high at 32240 should result in a further move higher. The primary trend remains bullish. We look to Buy a break of 32266 (stop at 32086) Our profit targets will be 32716 and 32816 Resistance: 32240 / 32400 / 32600 Support: 32150 / 31900 / 31750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225USDLong
by OANDA
JPY 225 - fundamental and technical analysis - we will rise!Fundmental: Given the Bank of Japan's decision to maintain ultra-low interest rates while adopting a more flexible yield curve control policy, coupled with positive market reactions and the potential for policy normalization, there is a strong possibility that the JPY225 index will rise in the coming days. The move indicates confidence in Japan's economic recovery, leading to increased investor interest in Japanese equities. Additionally, ongoing monetary support and higher inflation expectations could further boost the index. However, investors should remain mindful of market fluctuations and global factors that may impact the performance of the JPY225 index. Thechincal We are in side growing trades testing again 33050-33200 level again, probably will not enough strengh so it will be time for correction, after break strong bullish movement
PEPPERSTONE:JPN225Long
by AlgoGains
Buy on dip at 50DMA in Nikkei Japanese index Nikkei 225 (NI225) is in a nice bull run since Uncle Warren loaded up on the cheap Japanese equities. The index made a top at 33770 and has been consolidating since then for the last few weeks. Recently the index made a triple bounce at the 50 day simple moving average with the last push happening on the day of the BoJ MPC meeting decision. The price action on the index is nicely bullish and seems to be heading toward previous highs of 33770.
TVC:NI225Long
by vipulmehta817
Nikkei in a bullish channelNIK225 - 24h expiry - We look to Buy at 32535 (stop at 32295) We are trading at overbought extremes. Previous resistance level of 33068 broken. A lower correction is expected. Short term bias is mildly bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 32770, resulting in improved risk/reward. Our profit targets will be 33135 and 33285 Resistance: 34015 / 35000 / 36110 Support: 32030 / 30800 / 29810 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NLong
by VantageMarkets
Nikkei- Break of Double top's necklineLike most of the global indices, Nikkei also had a good run this year. However, since mid-June, the index started to lose its power and has drawn a Doube Top pattern on our charts. The start of the week brought the break under the neck-line support of the pattern and Nikkei could continue to the downside. Levels to watch for bears are 31100 old congestion which also coincides with the measured target of the double top and the important 30k figure. I'm bearish as long as the price is under 33200
TVC:NI225Short
by Mihai_Iacob
4
Nikkei break out? - China's JapanificationThe recent Nikkei rally is bringing it ever closer to that "magical" 30,000 level which it hasn't touched since the late '80s collapse. IFF a breakout occurs, expect a collapse in all XYZ/JPY pairs - since, true to form, every equity/hedge fund in the world is expected to pile in. Internal Chinese (export/import) numbers are showing a fair pick up in exports - post Covid - BUT a very anemic internal demand, with import numbers steadily surprising to the down-side (by a lot!). Simultaneously Japanese heavy industry is racking up some solid numbers lately, especially in regard to steel, automobile and electronic components. All of this is fueled by an abating chip shortage, giving world wide car production a boost. E.g. Watch the Nikkei price action and fully expect a blinding YEN rally should that 30,000 level get blown away!
OSE:NK2251!Long
by Nemo_Confidat
Nikkei to stall at current swing high?NIK225 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Further downside is expected although we prefer to sell into rallies close to the 33177 level. We look to Sell at 33177 (stop at 33477) Our profit targets will be 32427 and 32227 Resistance: 34014 / 35000 / 36110 Support: 32610 / 32200 / 31410 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225USDShort
by OANDA
Japan JPY intervention risk is rising – how to trade itThe JPY-funded carry trade rolls on with real vigour and its presenting some very interest tactical and technical opportunities. As many will be aware, we’ve seen the trade-weighted JPY break to new lows, as USDJPY breaks above 143.0, with bullish breakouts playing out all over the JPY crosses. EURJPY and CHFJPY have both been well traded, with the latter breaking to levels not seen since 1979. Conditions as good as you’ll see for FX carry We know the conditions have been ripe for a one-way JPY move. Recently, we’ve all seen renewed concerns about frustratingly sticky core inflation, and this has led to the RBA, BoC, BoE and Norges Bank to hike rates by more than expected - the PBoC underwhelmed by cutting its 5-year prime rate by ‘just’ 10bp. The BoJ, in comparison, remain steadfast in its uber-dovish approach, and while many debate if we see tweaks to its YCC (Yield Curve Control) program in the July BoJ meeting, for now, there is central bank policy divergence 101 playing into the JPY move. The bond market speaks out. We can look at LATAM EM FX, where there have been some huge ‘carry’ moves in MXNJPY and COPJPY – however, it's USDJPY which is always central to the market focus. It’s the move in the US 2-year Treasury which is driving the show, where eyes fall on a potential break of the recent cycle highs of 4.79%. As US (and other global) bond yields move higher, and in favour of the USD, this incentivises yield chasers, and hence with JPY having a very low JGB yield, we have seen a universal drawdown in the JPY. If funds can capture a lasting trend in price and get paid to be in that position it is pure gold – trend followers/CTAs would be max long this move and doing very nicely. We can see USDJPY 12-month forward points fall into new lows at -804. So any Japanese corporate treasury department can lock in USDJPY in 12 months at lower levels (i.e. better levels if you’re long). The cost for Japanese pension funds to hedge their USD exposure on US Treasurys investments has increased dramatically through 2022-2023 - pension funds have hedging limits they need to adhere to, but if they can refrain from selling USD (buying JPY) to hedge they have done so. As with any good carry position, it's not just central bank policy divergence and yield differential that is important – low volatility is essential for carry to work, and we have that in spades. USDJPY 1-Month implied volatility is now 8.59% and the lowest since April 2022. In equity land, the VIX index trades below 13%, while US bond volatility (MOVE index) has pulled back to near 12-month lows. What’s more, US and DM equity markets remain well supported and all carry traders love a positively trending/low vol equity market. Is intervention coming? This one-way JPY move would not have gone unnoticed by the BoJ and MOF (Japanese Ministry of Finance). Subsequently, the prospect that we start to see headlines of Japanese authorities ‘watching FX moves” has clearly risen, as the trend and the rate of change will not sit well with them. There is also growing political pressure to act too, and if inflation continues to heat up – because of the JPY weakness – then the BoJ/MoF will face the music. Verbal intervention is now a real risk and when we hear it the BoJ/MoF are effectively putting JPY shorts on notice that FX intervention is close at hand. Alternatively, the BoJ could tweak its YCC policy, but this seems far less likely for now. We should take intervention threats as highly credible – many will recall the 515-pip initial sell-off (in USDJPY) on 22 September and 541-pip on 21 October, as Japan bought record levels of JPY. They meant business, and while we saw funds using the weakness in USDJPY to average into new longs on 23 September, it was far more effective in October and marked the highs and what proved to be a 16% decline. Insights for tactical traders: • For now, the trend is undeniably powerful and JPY shorts are all the rage – carry is king, and getting paid to make money is very compelling. • However, if we see headlines that the Japanese authorities are watching FX, then JPY traders are firmly on notice. • From here - JPY shorts may part cover, and we may well see liquidity dry up, which could exacerbate moves. • If we do see FX intervention it may come without warning and result in a 300-500 pips sell-off – how would that affect your position? • Consider position sizing and leverage as we roll higher in the JPY pairs – a rapid decline could result in slippage given the intensity of the move. • I would expect the JPN225 to get hit hard – recall, foreign buyers of Nikkei stocks/futures have done so largely unhedged – so if the JPY rallies hard, the JPN225 could be down 3-4% easily. • More aggressive traders may look for long JPY positions to capture intervention once we’re on notice. We look for price moves that indicate it's on – in September the intervention occurred at 17:55 AEST, in October at 01:37, so they like to mix it up. So, with the JPY-funded trade in full effect we watch for headlines – JPY shorts may need to tread a little carefully up here.
by Pepperstone
JPN225: Ascending Channel UptrendThe JPN225 has been steadily advancing within the confines of an ascending chanel. This pattern suggests a series of higher highs and higher lows, reflecting consistent buying pressure and an overall bullish bias. Within this ascending channel, a symmetrical triangle has formed. The triangle is characterized by a converging range of price action, as both the swing highs and swing lows gradually converge toward a breakout point. The narrowing range indicates decreasing volatility and potential pent-up momentum.
BLACKBULL:JPN225Long
by UnknownUnicorn48526553