Nikkei 225 has been one of the hottest markets this year.
Couple of reasons - Japan ultra low monetary policy in the face of rising inflation. Its similar to Fed policy before they started to raise rates. Banks are used to negative rates so we will not see a similar increase to US but a gradual one. When is for the BOJ to decide but first they need to get rid of YCC.
Till those forces come to play, this bull flag break is targeting all time highs around 39k.
Once the break takes place, I expect a bullet train towards 39k.
Couple of reasons - Japan ultra low monetary policy in the face of rising inflation. Its similar to Fed policy before they started to raise rates. Banks are used to negative rates so we will not see a similar increase to US but a gradual one. When is for the BOJ to decide but first they need to get rid of YCC.
Till those forces come to play, this bull flag break is targeting all time highs around 39k.
Once the break takes place, I expect a bullet train towards 39k.