The Nikkei Average extended its sharp gains on the 10th, rising to ¥60,743.97 before closing. The closing price moved above the five-day moving average for the first time in 7 sessions, while the deviation from the 25-day moving average narrowed but remained at a high level.
On the 10th, the Nikkei Average ended trading at ¥60,743.97, up ¥1,968.47 from the previous day, extending its sharp gains. The candlestick formed a bullish line, limiting the expansion of downside risk.
The closing price rose above the five-day moving average for the first time in 7 sessions, potentially strengthening short-term buying interest.
The deviation from the 25-day moving average narrowed to 6.33%, but remained above 5%, suggesting a rebound from oversold conditions.
Although the Ichimoku chart continued to show a bearish three-line reversal pattern, the day's high approached a level above the conversion line, raising expectations that downside-extension risk would recede.