Today at a glance: the Nikkei retained its composure around the 27,200 level after dropping 1.68%.
Amid the market gloom, Japan Services PMI released today at 00:30 UTC with a figure of 53.2, while the previous figure was 53.
Nikkei made an initial break below its 21 day Simple Moving Average at 27,064, a possible indication of a forthcoming negative trend.
Several technical indicators are adding weight to the bearish momentum seen today and forecasting the Nikkei to extend its recent losses.
In the meantime, negative performances are also seen in other markets, after ending today's session at 10,525, Nasdaq lost 181.86 points and is trading around 10,343. S&P 500 slides down 1.06% today and closed at 3,759.69.
Positive performances can be seen by looking at other markets as notably, Hang Seng rose 5.31% today and closed at 15,339.
Furthermore, Japan CFTC JPY speculative net positions scheduled to come out today at 19:30 UTC.
A month ago, the Nikkei fell to a low of 15.42 but has since recovered 179,300%.