🛑💥🛑The Japanese Nikkei 225 index leads gains ahead of the Bank of Japan decision
The Nikkei 225 index rose by 1.1%, leading gains in Asian markets, while the broader Topix index added 0.8%.
Local markets benefited from a rebound in technology stocks and also saw bargain buying after heavy losses last week. The Nikkei had recorded a decline of 2.6% this week.
Focus is primarily on the conclusion of the Bank of Japan meeting later today, where markets widely expect a 25 basis point rate hike from the central bank. Expectations of a rate hike have been fueled by sustained Japanese inflation and a weak yen for an extended period.
Data from the consumer price index released earlier on Friday showed that inflation remained steady and above the Bank of Japan's annual target of 2% in November, reinforcing expectations of a rate hike.
🎲💬Bitcoin is also positive tomorrow. It will catch its breath at 90,500 and 91,000, and there we will see if the price stabilizes above 90,000, after which we will decide on the direction $BTC
🛑This is for Saturday 🛑Tomorrow, if the price drops below 87,400 and 86,900, it could fall to 83,000 and possibly 81,000. Therefore, tomorrow is important for monitoring the market, especially around midday and afternoon.
Good luck to everyone