15 Jan 2014
Nikkei 225 futures - Buyers tasked with breaking daily kijun
FXstreet.com (Bali) - Yen crosses went through a remarkable recovery during Tuesday, with standing offers persistent throughout the day,as the scarce of the UN NFP number eased off a notch following decent US retail sales.
Nikkei 225 futures - daily kijun key
In translation to Yen weakness, the Nikkei 225 futures chart has been on fire, picking up buying interest from early Europe until faced with 15,700/15,720 daily kijun, level needed to be re-taken in order open up further upside.
Nikkei 225 tecnicals
Watch the initial moves in the Nikkei 225 chart at 00GMT Tokyo open, with the 00.50GMT fix likely to provide further directional bias as order flows picks up. Should the daily kijun be regained, the tenkan ahead of 15,900 is likey to come into focus ahead of 16,000 round number.
Nikkei 225 futures - daily kijun key
In translation to Yen weakness, the Nikkei 225 futures chart has been on fire, picking up buying interest from early Europe until faced with 15,700/15,720 daily kijun, level needed to be re-taken in order open up further upside.
Nikkei 225 tecnicals
Watch the initial moves in the Nikkei 225 chart at 00GMT Tokyo open, with the 00.50GMT fix likely to provide further directional bias as order flows picks up. Should the daily kijun be regained, the tenkan ahead of 15,900 is likey to come into focus ahead of 16,000 round number.