Technical Analysis NIKKEI : 2015-10-12

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Japanese index pushed up by oil price The Japanese currency continues losing its positions. Markets expect the Bank of Japan to revise down the key rate in October. The move shall stimulate the business lending amid the slowing Japanese GDP growth of 1% a year and to weaken the currency against the dollar. By the way, the US dollar index live data indicate US dollar weakened 0.5% against six major currencies during the one week period. Another factor is the Brent crude oil price going up by 12%

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