Nikkei 225: Bullish reversal above 45,000, no negative impact from BoJ’s ETF unwind

Nikkei 225 remains in a bullish trend, hitting fresh record highs despite the BoJ’s ETF unwind plan. Supported by earnings upgrades and strong technicals, the index holds above key 45,000 support with resistances at 46,430–46,870.

Sep 23, 2025 - 11:00
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Nikkei 225: Bullish reversal above 45,000, no negative impact from BoJ’s ETF unwind
Nikkei 225 remains in a bullish trend, hitting fresh record highs despite the BoJ’s ETF unwind plan. Supported by earnings upgrades and strong technicals, the index holds above key 45,000 support with resistances at 46,430–46,870.

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