Nikkei Surges Post-Trump Election

The Nikkei 225 surged by 1.15% on Thursday, closing at 39,462.15 as a weaker yen and positive sentiment from Wall Street lifted the index. We’re seeing robust upward movement, peaking at 40,159.15, marking a key resistance level after a sustained rally. Moving averages show the 5-period MA is above the 10- and 30-period MAs, which supports the recent bullish trend.

Read more to find out how the Nikkei might consolidate.