Barclays sees the Nikkei rising to 22,000 in the year ahead.
“If the audience is Mom and Dad, the main game is improving the fortunes of the Nikkei,” Nick Wright, the bank’s head of equities and co-head of trading for the Asia-Pacific region, said in an e-mailed response to questions yesterday. “The more confident people feel in general about the future, the more likely consumers will spend, the more likely businesses will invest, the more likely entrepreneurs will engage, and the more activity in general increases. The Nikkei is an obvious and visible sign that things are getting better.”
First, it will have to break the downtrend that’s been in place since the late 1990s.
Nikkei 225 monthly
The Nikkei and yen crosses tend to move in the same direction. Look for a breakout in one to confirm the other.
