Nikkei

USD/JPY and Nikkei 225 futures are surging in Asia, benefitting from a market recalibration of how much the Federal Reserve is likely to cut interest rates next year. The weaker yen is helping to boost sentiment surrounding Japanese exporter earnings, seeing Japan’s benchmark equity index knocking on the door or key resistance.

Nikkei futures look like a market where bulls and bears are waging war, all while the price continues to coil up within a symmetrical triangle, waiting for a potential explosive break.

The rebound on Wall Street indices on Wednesday gave an extra spring in the step for APAC equities today. But can the Hang Seng and Nikkei extend their own rallies from here?

ASX 200 futures rose to a record high on Monday night, which could see the ASX 200 cash market gap higher and run for its own record high today. We're also looking at a potential bullish reversal on the Nikkei's 4-hour chart.

Wall Street indices snapped a 4-day losing streak on Monday and the US dollar recovered from its cycle lows, which could bode well for USD?JPY and the Nikkei 225.

USD/JPY and Nikkei 225 have reclaimed important levels, benefitting from mounting evidence that fears over a looming US recession may have been premature. With the onus now on the data to prove the US economy is entering recession rather than isn’t, and with no major data out next week, you get the sense recent bullish moves may extend in the days ahead.

They may be poles apart geographically and their composition, but these two momentum-driven markets have morphed into avid US economic watches over the past month. That means if you want to get clues on directional risks next week beyond price signals, you better pay attention to the US economic calendar.

US interest rate expectations are becoming increasingly influential on Japan’s Nikkei 225, both through the FX channel impacting forecasts for exporter earnings and sentiment towards the outlook for global economic growth. Other factors, such as commentary from BOJ, come across as secondary factors for now.

NZD/USD looks terrible on the charts, weighed down by the RBNZ’s dovish pivot and renewed concerns towards the outlook for the Chinese economy. While that cyclical play looks ill, a bounce in Nikkei 225 futures has provide a decent long setup into US tech earnings.

The China A50 has shown early signs of stabilising around support levels after a 4-week decline. The bear case for the Nikkei is not dead, but it may be sleeping whilst it remains rangebound on the weekly chart.

Forex markets mostly retraced against Wednesday's CPI and FOMC moves. And that may have set AUD/USD up nicely for a cheeky long into the weekend. The Nikkei however is down for a third day after failing below key resistance levels.

The next 24 hours will be the eight time in 10 years that a US CPI report lands on the same day as an FOMC meeting, and it has traders on tenterhooks. Today we look at USD/JPY, Nikkei 225 and the ASX 200.

GBP/JPY is coiling up and primed to fire, sitting in a strong uptrend while bumping up against horizontal resistance dating back to when the Bank of Japan initiated a record FX market intervention to support the Japanese yen in April.

Asian indices were quick to rally out of the gate on Monday after a strong lead from Wall Street, sending Nikkei futures 1% higher. Gold looks worse for wear and we eye a potential move down to $2300.

Downwardly revised GDP for the US in Q1 weighed on Wall Street indices ahead of a key inflation report, yet the ASX and Nikkei managed to bounce form their lows. We look at where we think they might head next.

The Nikkei has been grinding higher in recent weeks, but with momentum turning lower at resistance and asset managers are increasing longs, perhaps it's ready for a leg or two lower.

Japan’s Nikkei 225 faces an important technical test today, pushing back to towards a resistance zone it’s been unable to break for weeks. With risk appetite rampant and softer yen helping to juice the earnings outlook for exporters, if bulls can’t reclaim the ascendancy today, when will they ever?