After dropping down to 26,270, the Nikkei recovers some losses and is currently trading at 26,573.
The Nikkei's state is reflected by market data as Japan Interest Rate came out at -0.1, while a consensus of analysts was expecting -0.1.
Nikkei is climbing away and is now 362.84 points from the 26,200 support line. The MACD is significantly below its signal line which suggests that the existing bearish sentiment is beginning to swing around toward a more bullish outlook. The Nikkei's upper Bollinger Band® is at 28,747 and the lower is 26,800.
With market volatility ebbing, the current technical outlook indicates the Nikkei will break higher above its recent ranges in the immediate future.
While the Nikkei is pretty flat so far today, mixed performances are seen elsewhere as ASX 200 is up 1.34%. DAX slides down 0.42% to trade around 13,900. FTSE trades with no major change, around 7,370.62.
Moreover, Japan National Core CPI (YoY) (Nov) scheduled to come out tomorrow at 23:30 UTC. Japan Monetary Policy Meeting Minutes is scheduled for tomorrow at 23:50 UTC.
After hitting an important low of 15.42 approximately 3 months ago, the Nikkei has bounced back 172,200% since.