Nikkei 225 price slips to break a 2-month uptrend

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Nikkei 225 price slipped 1.1% today on worsening risk sentiment as investors are still focused on the direction that the new Japanese Prime Minister Yoshihide Suga will choose. Fundamental analysis: No changes in the BoJ position Suga and Haruhiko Kuroda, the Governor of the Bank of Japan, agreed to keep close contact and orchestrate policy during their first meeting since Abe Shinzo’s resignation last week.  The Governor said that there are no changes in the BOJ’s viewpoint of the agreement reached with the administration of former PM Abe Shinzo, who committed to pursuing the 2% inflation target back in 2013. 

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