8 Apr 2015
Nikkei retreats fresh 15-yr highs post BOJ
FXStreet (Mumbai) - The Japanese equities index extended its uptrend, opening with a positive gap of 90 points despite weak cues from Wall Street overnight and rallied to fresh fifteen year peak above 19800 levels.
The benchmark Nikkei 225 index trades higher by 0.66% at 19770.80, retreating from fresh multi-year peak at 19,845.53 levels. The index trimmed gains and pulled away from highs after the yen strengthened following Bank of Japan’s (BOJ) unchanged monetary policy decision.
The index ended with a positive market breadth, the advance-decline ratio being 170:43. Tokuyama was the top gainer; up 5.59%, followed by Dentsu Inc rallying 5.69%. Among the top losers, Fuji Heavy Industries is down –2.11%. While Sumitomo Dainippon is down -2.09%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19845.53. Meanwhile, support is seen at 19700 levels and from here to 19550 levels.
The benchmark Nikkei 225 index trades higher by 0.66% at 19770.80, retreating from fresh multi-year peak at 19,845.53 levels. The index trimmed gains and pulled away from highs after the yen strengthened following Bank of Japan’s (BOJ) unchanged monetary policy decision.
The index ended with a positive market breadth, the advance-decline ratio being 170:43. Tokuyama was the top gainer; up 5.59%, followed by Dentsu Inc rallying 5.69%. Among the top losers, Fuji Heavy Industries is down –2.11%. While Sumitomo Dainippon is down -2.09%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19845.53. Meanwhile, support is seen at 19700 levels and from here to 19550 levels.