Don't Ignore This Chart!

Falling Yen Pushes Nikkei Towards 10K

 | 

Lifted by exporters, the Nikkei 225 ($NIKK) is one of the best performing markets over the last eight weeks. The chart below shows the index surging from ±8400 to ±9900 since mid January (+17.8%). With lots of exporters, the sharp drop in the Yen ETF (FXY) no doubt helped this index.

120309nikk
Click this image for a live chart.

Announcement from the Author

{{ announcement.content }}

Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus