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22 Apr 2015
Nikkei hits fresh 15-yr highs near 20150
FXStreet (Mumbai) - The Japanese equities index extended gains for the third day in a row and jumped to fresh fifteen year peak after weaker yen continues to lift exports stocks and also as traders cheered positive trade balance data out today, which came up in surplus for the first time in four years last month.
The benchmark Nikkei 225 index trades nearly 1% higher at 20116.71, retreating from new multi-year highs at 20144.66 levels. The index rallied after large banks and exporters surged supported by the recent broad yen weakness.
The index trades with a positive market breadth, the advance-decline ratio being 173:44. Tokyo Dome Corp is rallying more than 5.04 %, followed by Kawasaki Heavy Industries up nearly 4.50%. Among the top losers, Inpex Corp is down -2.06%. While Nippon Steel is down –1.48%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20144.66. Meanwhile, support is seen at 20k levels and from here to 19880 levels.
The benchmark Nikkei 225 index trades nearly 1% higher at 20116.71, retreating from new multi-year highs at 20144.66 levels. The index rallied after large banks and exporters surged supported by the recent broad yen weakness.
The index trades with a positive market breadth, the advance-decline ratio being 173:44. Tokyo Dome Corp is rallying more than 5.04 %, followed by Kawasaki Heavy Industries up nearly 4.50%. Among the top losers, Inpex Corp is down -2.06%. While Nippon Steel is down –1.48%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20144.66. Meanwhile, support is seen at 20k levels and from here to 19880 levels.