Nikkei extends declines, stronger yen weighs

FXStreet (Mumbai) – The Japanese equities index extends tis losing streak for the third straight session tracking negative close on Wall Street overnight while a stronger yen following the release of slightly better Japan’s CPI print keeps the exporters’ stocks pressured.

Currently, the benchmark Nikkei 225 index trades -0.54% lower at 20660.44, retreating from session highs at 20768.48. The Japanese stocks keeps losses as Greece continued testing investors’ patience with yet another no show at Euro group meeting as Greece is asked to present a new set of proposals.

The Nikkei 225 index trades with a negative market breadth with the advance decline ratio of 48:170. Eisai Co is the top gainer, up over 3%, followed by Toray Industries up 2.69%. The top loser so far is Toyobo Co, down -5.24%, followed by Showa Shell Sekiyu which is losing -3.90%.

Nikkei Technical Levels

The index has an immediate resistance stands at 20860. Meanwhile, support is seen at 20531 levels and from here to 20360 levels.

The Japanese equities index extends tis losing streak for the third straight session tracking negative close on Wall Street overnight while a stronger yen following the release of slightly better Japan’s CPI print keeps the exporters’ stocks pressured.

(Market News Provided by FXstreet)