Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.
How far can the Nikkei fall? It could well be to 11,500 and any rebound will encounter resistance.
The recent sell-off in the Nikkei is just a correction with the uptrend intact is what the charts point to.
The fall of the Aussie below parity against the U.S. dollar may not be the start of a downtrend for this resilient currency.
Boosted by Abenomics, the Nikkei has risen over 50 percent year to date, ranking it among the world's best performing indexes in 2013.
Tapering remains a key topic of debate among investors as year-end approaches and Yellen prepares to take over as Federal Reserve chairman.
The dollar-yen breached the 100 level last week for the first time in two months but the pair has since struggled to hold onto its gains.
The rupee has regained ground since touching an all-time low in August, and charts indicate that it's likely to continue down this path.