The Nikkei ended the session at 27,000, continuing its bearish run

The Nikkei has lost 5.54% over the last 3 days. Today's session continued the recent downtrend: the Nikkei dropped 229.48 points early on and stayed at 27,000.

Investor risk appetite was subdued as stocks were sold off in favour of perceivably safer alternatives such as government bonds. The one year Treasury rate declined to 4.3%.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. In contrast, Bollinger Bands® shows an indication of recovery: the lower band is at 26,800, a low enough level to, generally, suggest that the Nikkei is trading below its fair value.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for the Nikkei.

In the meantime, negative performances are also seen in other markets, ASX 200 is down to 6,965.5, losing 103.5 points, after ending the previous session around 7,069. Hang Seng is down to 19,200, losing 339.87 points, after ending the previous session around 19,540.

Furthermore, Japan CFTC JPY speculative net positions will be released tomorrow at 20:30 UTC. Japan Tertiary Industry Activity Index (MoM) is expected tomorrow at 04:30 UTC.

Trading mostly sideways for 2 months. The Nikkei hit a significant low of 15.42 around 5 months ago, but has since recovered 176,500%.