Nikkei 225 macro outlook · updated 12 November 2026
Is the Nikkei 225 bullish or bearish?
As of 12 November 2026, the Nikkei 225 scores 50 out of 100 on the WatchTower Terminal macro composite, a neutral read. It is scored against the global rate and risk backdrop, positioning and the desks' research. The composite blends fundamentals, the rate and risk backdrop, bank research, seasonality and positioning into one number on published weights, refreshed through the day.
Composite score
50
Neutral
56+ bullish · 45 to 55 neutral · under 45 bearish
Reading of 12 Nov, 09:30 London
How this score is built
Published weights, not a black box.
Every index is scored on the weights shown here, on the same 0 to 100 scale as every other market, so a 56 here means what a 56 means anywhere else.
- COT level20%
- Earnings20%
- Bank research15%
- Seasonality15%
- Central bank15%
- Fundamentals15%
The rest of the board
Ranked strongest to weakest on the same scale.
Related free data
About Nikkei 225
Is Nikkei 225 bullish or bearish right now?
As of 12 November 2026, Nikkei 225 carries a neutral macro read, scoring 50 out of 100 on the composite. 56 and above reads bullish, below 45 reads bearish, and the band between is neutral.
What is driving Nikkei 225?
It is scored against the global rate and risk backdrop, positioning and the desks' research. Positioning, bank research consensus and fundamentals are folded into the Nikkei 225 composite, updated through the day.
How is the Nikkei 225 macro score calculated?
Equity indices run on their own published weights: cot level 20%, earnings 20%, bank research 15%, seasonality 15%, central bank 15%, fundamentals 15%, re-weighted over the inputs an index actually has. 56 and above reads bullish, below 45 reads bearish.
Where can I track Nikkei 225 in real time?
This page reads it live with no account. In WatchTower Terminal, Asset scores carries the live Nikkei 225 score and every driver behind it, alongside every G10 currency, metals and global indices, and Asset in full and Score history add the written read and the full history. The terminal is $10 for your first month, then $49 a month, or $490 a year with 2 months free. Cancel from Billing at any time.
Track it live
This is 1 number. The terminal shows the working.
Every component and the weight it carries, in Asset scores, with the history of how the score has moved, the positioning behind it and the research it came from. The terminal is $10 for your first month, then $49 a month. Cancel from Billing at any time.