N225 Reaching 68,000 by Month-End?

Watching the Nikkei ($N225) action today, it's had quite the swing, currently sitting around 69360.88 after touching 71786.28 earlier. With the slight unwind, I'm thinking about its trajectory into month-end. We've seen some profit-taking after a decent run, and given the global sentiment still feels a bit 'wait and see' ahead of US CPI next week, I'd put the odds of seeing the $N225 dip back to the 68,000 range by the end of the month at around 60%. Not a certainty, of course, but the combination of current technicals and potential macro headwinds feels like it's pointing to some further consolidation.

The logic here isn't rocket science: a rally needs to breathe, and traders tend to square up ahead of major data releases or the month-end close. That 68,000 level would represent a roughly 2% pullback from current levels, which isn't an unreasonable correction after the recent exuberance. Of course, a sudden dovish turn from the Fed or some unexpected surge in Japanese corporate earnings could easily throw a wrench in that forecast, but for now, I'm leaning towards the downside for a bit more give.