BUOYANT NIKKEI 225 FUTURES BREAK OUT OVERNIGHT WITH INFLOWS IN JAPANESE EQUITIES
Japanese equities continue to attract inflows, the Nikkei225 ‘Mar Futures contract had a very positive session with a 2.32% breakout from a consolidation level. MACD lines have crossed to the upside as a signal of uptrend. Possible to see the Nikkei225 targeting the 36000 points | 38000 points.
ETFs have been gapping up during the European session, signs of inflows into Japanese equities.
Japanese Yen continues to depreciate, however, a shift in positioning could be in the making
Futures market data to observe positioning on JPY/USD. There has been a building up of long positioning on the Japanese Yen, bottoming from very oversold conditions.