A quick look at today: overall, the Nikkei shed around 270.33 points or 0.98% and ended today's session at 27,446.
Trend analysis indicates that despite being in the red so far in the current trading session, Nikkei peaked above its 10 day Simple Moving Average around 27,451 — typically an early indicator of a new bullish trend beginning to emerge. Asset volatility analysis shows that the Nikkei's upper Bollinger Band® is at 27,900 which indicates a further downward move may follow. Support/Resistance levels obtained from chart analysis indicate that the Nikkei could begin to recover as it approaches significant support, now 144.15 points away from 27,300. Dipping below could be an indication that further losses are ahead.
All in all, the technical analysis suggests the Nikkei has no clear-cut direction.
In the meantime, negative performances are also seen in other markets, after ending today's session at 33,161, Dow Jones lost 660.83 points and is trading around 32,500. S&P 500 dips 2.08% today and closed at 3,828. After ending today's session at 10,616, Nasdaq lost 263.03 points and is trading around 10,353.
Furthermore, Japan CFTC JPY speculative net positions is scheduled for tomorrow at 19:30 UTC.
Having set a significant high of 29,800 a month ago, the Nikkei is trading 179,643% lower.