The Nikkei 225 daily chart moved against a backdrop of rising long-term interest rates in Japan and the US during trading in Tokyo last week, prompting growing views that the trendline is providing support. The market’s future direction is expected to depend on the trendline and interest-rate movements, with the market’s response potentially offering clues to the trend.
This report examines the Nikkei 225 daily chart, including market movements during the trading period from 31 August to 4 September. The market was focused on gauging price movements against a backdrop of rising long-term interest rates.
During the same period, the trendline on the chart was viewed as providing support. Future movements may vary depending on whether the line holds and on interest-rate trends in Japan and the US.