Nikkei lifted on weaker yen

FXStreet (Mumbai) – The Japanese equities index extends previous gains and opened with a positive gap of 67 points tracking the positive cues overnight from Wall Street and on optimism that Greece will finally reach an agreement with its international creditors.

Currently, the benchmark Nikkei 225 index 0.35% higher at 20,545.54, having posted day’s high at 20552.46 and day’s low at 20512.44. The index holds gains although trades in a slim range largely on yen weakness versus the US dollar, which boost investors’ sentiments pushing the exporters’ stocks higher.

The index trades with a positive market breadth with the advance decline ratio of 138:81. COMSYS Holdings is the top gainer, up nearly 2.65%, followed by Obayashi Corp up 2%. The top loser so far is Nippon Suisan, down -3.48%, followed by Inpex Corp which loses -1.68%.

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.

The Japanese equities index extends previous gains and opened with a positive gap of 67 points tracking the positive cues overnight from Wall Street and on optimism that Greece will finally reach an agreement with its international creditors.

(Market News Provided by FXstreet)