A quick look at today: the Nikkei slid down from 28,383 to 28,283, losing 100.06 points (0.35%) today.
Meanwhile, Japan Tokyo Core CPI (YoY) (Nov) came out at 3.6, while a consensus of analysts was expecting 3.5. Japan CPI Tokyo Ex Food and Energy (MoM) (Nov) released yesterday at 23:30 UTC with a figure of 0.2, while the previous figure was 0.2. Japan Services PMI came out at 50.
Nikkei made an initial break below its 3 day Simple Moving Average at 28,172, a possible indication of a forthcoming negative trend. The Nikkei's upper Bollinger Band® is at 28,574 which indicates a further downward move may follow. Despite this, the Nikkei could begin to recover as it approaches significant support, now 117.91 points away from 28,165. Dipping below could be an indication that further losses are ahead.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for the Nikkei.
In the meantime, negative performances are also seen in other markets, Hang Seng lost 0.49% today and closed at 17,661.
Positive performances can be seen by looking at other markets as Dow Jones increases 0.49% today and closed at 34,200. FTSE went up by 0.27% today, and closed at 7,486.67.
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. The Nikkei hit a significant low of 15.42 around 2 months ago, but has since recovered 183,967%.