5 Jun 2015
Nikkei trades cautious ahead of US data
FXStreet (Mumbai) - The Japanese equities index extends losses and opened with a sharp negative gap of 90 points tracking the weak cues from Wall Street and amid ongoing concerns about Greece's debt situation. While markets remain cautious ahead of the key US NFP data due later today.
Currently, the benchmark Nikkei 225 index -0.40% lower at 20,405.94, having posted day’s high at 20425.95 and day’s low at 20363.18. The index edged lower despite a slightly weaker yen as markets await fresh cues from the upcoming US jobs report. However, Chinese stocks bucked the trend and edged higher by more than 1% mainly on profit-taking after the recent drop.
The Nikkei 225 index trades with a negative market breadth with the advance decline ratio of 61:160. UNY Group Holdings is the top gainer, up nearly 2.50%, followed by Casio computers up 2.40%. The top loser so far is Dentsu Inc, down -3.30%, followed by Unitika which loses -3.20%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20595. Meanwhile, support is seen at 20360 levels and from here to 20200 levels.
Currently, the benchmark Nikkei 225 index -0.40% lower at 20,405.94, having posted day’s high at 20425.95 and day’s low at 20363.18. The index edged lower despite a slightly weaker yen as markets await fresh cues from the upcoming US jobs report. However, Chinese stocks bucked the trend and edged higher by more than 1% mainly on profit-taking after the recent drop.
The Nikkei 225 index trades with a negative market breadth with the advance decline ratio of 61:160. UNY Group Holdings is the top gainer, up nearly 2.50%, followed by Casio computers up 2.40%. The top loser so far is Dentsu Inc, down -3.30%, followed by Unitika which loses -3.20%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20595. Meanwhile, support is seen at 20360 levels and from here to 20200 levels.