“The increase in trading volume is a positive sign that the Nikkei will continue to test the upside. Whether this can continue into next week depends on volume and whether investors buy major names after picking up small-cap stocks for so long,” Yutaka Miura, senior technical analyst at Mizuho Securities said.
The iShares MSCI Japan Index Fund (EWJ) has climbed above its 50-day moving average.
iShares MSCI Japan Index Fund
Tisha Guerrero contributed to this article.