There is no denying that the Nikkei average's decline is contingent on U.S. stocks. Mr. Hiroshi Arano

Yesterday's Dow and Nikkei declines,while the question of how far they will fall depends on U.S. stocks, the deviation from the 20-day moving averageexpanded to as much as -19.5% in the week of the March low, and this week, after recording a rebound high, expanded to +8.9%.
That portion will largely disappear.

And this morning's'From the Technical Room' commentary is by Mr. Hiroshi Koya.

Today, please stay tuned to what he will discuss.

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