Nikkei 225 Gets Technical Support Amid Geopolitical Risks: Chart

While worries over North Korea’s missile launches may weigh on Japanese stocks, one technical level is providing some support, according to Naohiko Miyata, chief technical analyst at Mitsubishi UFJ Morgan Stanley Securities Co. The Nikkei 225 Stock Average fell below the 200-day moving average in intraday trading on Tuesday, but managed to close above it that day and the next. Miyata expects this technical level to have a bigger impact on the gauge going forward, according to a note published Wednesday.

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