Japanese stocks rose today, Tuesday, by more than 10%, recovering a large part of their sharp losses incurred in the previous session, with a decline of more than 12%, the largest daily loss since Black Monday in 1987.
The recovery of the yield on US 10-year Treasury bonds from its lowest levels in 14 months is also negatively pressuring the Japanese yen levels, as the yield gap between Japan and the US is widening again.
Generally, the direction is a downward trend.
Uptrend: The price is currently trading above the crucial level of 144.197. Maintaining above this level increases the likelihood of rising to 146.436, and potentially to 149.938.
Downtrend: If the price breaks below 144.197, it could drop to 140.740 and possibly further to 124.605.
Tendency Keys: 144.197