The Nikkei 225 index in Japan has extended its losses, dropping 2.70% below the 36,000-point level. The decline from the peaks around 42,500 points now exceeds 16%. This week's downward pressure has been influenced by both domestic and global factors.
On the domestic front, Japan raised interest rates by a record 0.15%, and the Bank of Japan (BoJ) adopted a surprisingly hawkish stance. As a result, there was a dynamic strengthening of the JPY. Bullish expectations could pressure the profits and margins of Japanese exporters.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือOn the global front, the declines accelerated yesterday following a set of weaker macroeconomic data from the U.S. (higher claims, weak ISM manufacturing), which cast doubt on the real condition of the American economy and caused the yield on 10-year treasuries to fall below 4%.
JAP 225 (D1 Interval)
The index's value dropped by as much as 8.70% over two trading sessions. The scale of the sell-off is comparable to the panic during the COVID-19 pandemic in early 2020. The downward pressure accelerated after breaking through the key support level at 39,400-40,000 points. The nearest target for the current downward move appears to be the 33,800-point level.
Source: xStation 5
