22 May 2015
Nikkei remains in red post BOJ status-quo
FXStreet (Mumbai) - The Japanese equities index opened on a flatter note and trades lack lustre as markets remain unresponsive to Bank of Japan’s unchanged monetary policy stance, keeping the index mildly in red.
The benchmark Nikkei 225 index -0.25% lower at fresh session lows of 20130.34. The Japanese stocks halted its recent stretch of gains and remains subdued after BOJ predictably made no change to the course of monetary policy today, however the bank's assessment of the economy improved slightly since the bank's last meeting in April. The yen firmed post BOJ decision which weighs on the exports stocks, eventually dragging the index lower.
The index trades with a negative market breadth. The top loser so far is Yahoo Japan, down -2.16%, followed by Konica Minolta which loses -1.95% and Kikkoman Corp is down by -1.74%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20350. Meanwhile, support is seen at 20k levels and from here to 19900 levels.
The benchmark Nikkei 225 index -0.25% lower at fresh session lows of 20130.34. The Japanese stocks halted its recent stretch of gains and remains subdued after BOJ predictably made no change to the course of monetary policy today, however the bank's assessment of the economy improved slightly since the bank's last meeting in April. The yen firmed post BOJ decision which weighs on the exports stocks, eventually dragging the index lower.
The index trades with a negative market breadth. The top loser so far is Yahoo Japan, down -2.16%, followed by Konica Minolta which loses -1.95% and Kikkoman Corp is down by -1.74%.
Nikkei Technical Levels
The index has an immediate resistance stands at 20350. Meanwhile, support is seen at 20k levels and from here to 19900 levels.