Nikkei hits fresh 15-yr highs above 20700

FXStreet (Mumbai) – The Japanese equities index opened on a stronger note, with a positive gap of more than 400 points as traders cheered positive sentiments around Greece as markets expect a deal to be reached soon over Greek debt obligations.

Currently, the benchmark Nikkei 225 index trades 1.48% higher at fresh 15-year highs of 20731.07, finding good support at 20500 levels. The Japanese stocks rallied to fresh multi-year peak tracking a strong close on Wall Street overnight while traders cheered progress between Greece and the nation’s creditors overnight. Moreover, weaker yen also boosted the exporters’ stocks.

The Nikkei 225 index trades with a positive market breadth with the advance decline ratio of 201:20. Taiyo Yuden is the top gainer, up nearly 3.5%, followed by Sompo Japan up 3.29%. The sole loser so far is Asahi Glass, down -0.27%.

Nikkei Technical Levels

The index has an immediate resistance stands at 20800. Meanwhile, support is seen at 20531 levels and from here to 20410 levels.

The Japanese equities index opened on a stronger note, with a positive gap of more than 400 points as traders cheered positive sentiments around Greece as markets expect a deal to be reached soon over Greek debt obligations.

(Market News Provided by FXstreet)