Today at a glance: overall, the Nikkei shed around 245.24 points or 0.88% and ended today's session at 27,100.
The Nikkei is currently trading at 27,100 following the release of BoJ Press Conference data from the Japan.
Meanwhile, Japan Interest Rate released today at 02:50 UTC with a figure of -0.1, while the previous figure was -0.1. Japan Tokyo Core CPI (YoY) (Oct) came out at 3.4, while a consensus of analysts was expecting 3.1. Japan Jobs/applications ratio (Sep) came out at 1.34.
Trend-following investors would be interested to note that despite being in the red so far in the current trading session, Nikkei peaked above its 200 day Simple Moving Average around 27,081 — typically an early indicator of a new bullish trend beginning to emerge. Analysis based on the asset volatility indicates that the Nikkei's upper Bollinger Band® is at 27,665 which indicates a further downward move may follow. Visual analysis of the Nikkei's chart shows that the resistance level is at 27,420, followed by 27,500.
Overall, the technical outlook suggests the Nikkei is likely to remain muted for the immediate future, with no clear-cut direction.
In the meantime, negative performances are also seen in other markets, after ending today's session at 15,428, Hang Seng lost 627.94 points and is trading around 14,800. Nasdaq is down to 10,800, losing 171 points, after ending the previous session around 10,971. FTSE is down to 7,008.83, losing 64.86 points, after ending the previous session around 7,073.69.
Furthermore, Japan BoJ Governor Kuroda speech is expected today at 23:50 UTC. Japan CFTC JPY speculative net positions is scheduled for today at 19:30 UTC.
Having set a significant high of 29,800 a month ago, the Nikkei is trading 177,236% lower.