A quick look at yesterday: the Nikkei slid down from 28,383 to 28,283, losing 100.06 points (0.35%) today.
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 28,621 which indicates a further downward move may follow. Despite this, the Nikkei could begin to recover as it approaches significant support, now 51.9 points away from 28,231. 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, after ending yesterday's session at 17,661, Hang Seng lost 87.32 points and is trading around 17,574.
Other assets are showing positive performances as FTSE climbs 0.27% yesterday and closed at 7,466.6. Dow Jones is trading around 34,347 after ending yesterday's session at 34,200 (up 0.45% today).
Furthermore, Japan BOJ Deputy Governor Amamiya speech scheduled to come out tomorrow at 04:10 UTC.
The index has been trending positively for about a month. The Nikkei is up 183,967% from the significant low of 15.42 it hit 2 months ago.