South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
The Nikkei 225 index trades flat ahead of US election. It hit a high of $38576 at the time of writing and is currently trading around 38561.
If Donald Trump wins the next U.S. presidential election, it could greatly affect Japan's trade and economy. He might impose tariffs on Japanese imports, hurting the auto industry. Japan could face tough trade talks and may need to make concessions. Trump's policies may also impact the value of the yen, affecting Japan's exports. Overall, Japan must adjust its trade strategies and strengthen ties with other countries to manage these changes.
If Kamala Harris wins the U.S. presidential election, Japan could see a more stable trade relationship with the U.S. Her administration is likely to focus on teamwork and sustainability, benefiting Japan’s trading environment. While some tariffs might stay, new tariffs are not expected, providing predictability for Japanese exporters. Harris may also pursue smaller trade agreements that allow Japan to negotiate favorable terms. Overall, this could support Japan’s economy and encourage cooperation in security and supply chains.
The index remains below its short-term moving averages (34 and 55 EMA) and the long-term 200 EMA on the 4-hour chart. Near-term resistance is at 38800; if this level is broken, the index could climb to 39200,39359,39750 40,000. Sustained bullish momentum is expected only if it rises above 42,550.
On the downside, immediate support is located at 37800, with potential drops to 37625, 37,500, or 37,200 if that level is breached. Further weakness is possible below 35,000.
Indicators on the 4-hour chart show a neutral trend with a CCI of 50 and a bearish average directional movement index. Therefore, buying on dips around 38200 is a good strategy, setting a stop loss at 37800, and targeting a profit at 40,800.
