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