On 28 August, the Nikkei Average rebounded, closing at ¥66,405.56, up ¥273.58 from the previous day. During the session, it fell as much as ¥119.78 before reversing and rising as much as ¥710.84. The 25-day moving average is drifting slightly lower.
In the Tokyo market on 28 August, the Nikkei Average rebounded, closing at ¥66,405.56, up ¥273.58 from the previous day. Intraday lows rose for the third consecutive session, suggesting strong demand for dip buying, while continued short-term adjustment pressure also appeared to be present. The 25-day moving average is drifting slightly lower.
The index fell as much as ¥119.78 during the session before reversing and rising as much as ¥710.84. Although the market again showed some instability toward the close, buying continued from the morning close.
On the Ichimoku chart, the index traded within the cloud on the day, making it difficult for a clear direction to emerge. Fisco is monitoring this daily-chart setup.