A quick look at today: overall, the Nikkei shed around 448.18 points or 1.59% and ended today's session at 27,778.
Investor risk appetite was subdued as stocks were sold off in favour of perceivably safer alternatives such as government bonds. The iShares U.S. Treasury Bond ETF has gone up 0.95% to trade at $23.14, thereby indicating that government bond yields were downbeat across the yield curve.
Meanwhile, Japan 10-Year JGB Auction released yesterday at 03:35 UTC with a figure of 0.25, while the previous figure was 0.248.
Bollinger Bands® shows an indication of recovery: the lower band is at 27,555, a low enough level to, generally, suggest that Nikkei is trading below its fair value.
Technical analysis shows that the Nikkei (currently on a downtrend) might reverse course and start going up in the short term.
In the meantime, negative performances are also seen in other markets, KOSPI Composite Index lost 1.84% today and closed at 2,480. After ending today's session at 7,354.4, ASX 200 lost 52.9 points and is trading around 7,301.5. Dow Jones is down to 34,400, losing 200 points, after ending the previous session around 34,600.
Furthermore, Japan CFTC JPY speculative net positions will be released today at 19:30 UTC.
The index has been trending positively for about a month. Having set a significant high of 29,332 2 months ago, the Nikkei is trading 182,949% lower.