The Nikkei index fell on Friday

Japanese stocks closed lower on Friday, with losses across several sectors.

The paper, transportation, and telecommunications sectors were among the worst performers.

The leading blue-chip stocks that declined by the end of trading were:

Mitsui Mining and Smelting Co. down 2.14%

Toho Co. down 2%

Fujitsu Ltd. down 1.9%

The Nikkei index also fell by 0.07%.

The Japanese Nikkei

Regarding the analysis of the Japanese Nikkei index,

the index is still moving sideways at the moment.

It continued its upward movement, reaching levels of 50,334.

Therefore, we expect to see some decline in the index soon,

before it resumes its upward trend, especially since it managed to break the

minor corrective downtrend on the daily timeframe.

In the event of an upward move, the index may target levels of

the previous peak near 51,500, then 52,658.