Nikkei 225 Index

The Japanese Nikkei has followed our roadmap nicely in 2024; if we remain on point, the index has another 4-6% downside, but it has already corrected 75% of our targeted retracement. Patience is often a virtue for investors, and the Nikkei is looking on track to test the 35,000-36.000 region.

• We can see some consolidation soon, but it’s too early to start accumulating Japanese equities.