Japan’s Motegi: Economy has sound fundamentals

Japanese Economy Minister Motegi crossed the wires earlier today, responding to some questions on the recent drop in stock prices.

When asked about the fall in Japanese stock prices, Motegi noted that the economy has sound fundamentals. This comes after the Japanese benchmark index, the Nikkei 225, fell 3% on Monday amid growing US recession fears.

At the press time, the Nikkei 225 index rebounds +1.80% to trade near 21,360 points.

Nikkei 225 Technical Levels

Nikkei 225

Today last price 21350
Today Daily Change 225.00
Today Daily Change % 1.07
Today daily open 21125
Daily SMA20 21429
Daily SMA50 21134
Daily SMA100 21069.62
Daily SMA200 21885.83
Previous Daily High 21145
Previous Daily Low 20895
Previous Weekly High 21680
Previous Weekly Low 21115
Previous Monthly High 21645
Previous Monthly Low 20185
Daily Fibonacci 38.2% 21049.5
Daily Fibonacci 61.8% 20990.5
Daily Pivot Point S1 20965
Daily Pivot Point S2 20805
Daily Pivot Point S3 20715
Daily Pivot Point R1 21215
Daily Pivot Point R2 21305
Daily Pivot Point R3 21465


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