Yesterday at a glance: the Nikkei closed yesterday at 28,500 (with a daily low of 28,283) after ending Thursday at 28,157 and gaining 1.2%.
At the same time, Japan CFTC JPY speculative net positions released yesterday at 20:30 UTC with a figure of -57,200, while the previous figure was -57,000.
Nikkei's upper Bollinger Band® is at 28,744, this is a slight indication of a slowdown. The Nikkei could be slowing down soon as it approaches resistance at 28,576. Of course, crossing it might suggest further gains are ahead.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates the Nikkei is set for a reversal in the coming days.
Other markets are also showing gains as ASX 200 is trading around 7,361.6 after ending yesterday's session at 7,324 (up 0.51% today). FTSE moves up 0.36% yesterday and closed at 7,843.38. CAC went up by 0.52% yesterday, and closed at 7,519.61.
The Nikkei hit a significant low of 15.42 around 6 months ago, but has since recovered 182,500%.