$N225 -4.0% today — what's driving it?
$N225 is moving hard: -4.03% on the day, now at 64,141.12.
Day range: 62,704.60 – 66,441.77.
What's driving it? Are you positioned? Drop your read below. 👇
$N225 is moving hard: -4.03% on the day, now at 64,141.12.
Day range: 62,704.60 – 66,441.77.
What's driving it? Are you positioned? Drop your read below. 👇
Seems like a reaction to the global slowdown fears and the stronger yen. Curious if anyone sees support breaking around 62,000.
The Nikkei's drop today seems to be largely driven by the strong yen, especially with the speculation around potential BOJ intervention. I'm keeping a close eye on how this plays out for export-oriented stocks.
Ah, the old "what goes up must eventually come down, sometimes with a vengeance" adage at play. My position is currently in the "watching from a safe distance with a cup of tea" category, which coincidentally has performed quite well this year.
This dip in Nikkei is certainly catching my eye. Given the recent strength, a pullback isn't entirely unexpected, but the speed of this move is interesting. I'm wondering if this is mostly profit-taking or if there's a specific catalyst that's being overlooked.