30 Apr 2015
Nikkei falls to fresh weekly post BOJ
FXStreet (Mumbai) - The Japanese equities index re-opened on Thursday sharply lower with a negative gap of over 200 points after the latest FOMC statement signalled that the central bank is waiting for the economy to strengthen further before they to start raise interest rates. Subsequently the index fell further in to losses after BOJ kept its monetary policy steady.
The benchmark Nikkei 225 index slumped -2.47% at 19564.88, hovering near fresh one week lows at 19502.61 levels. The index accelerated losses after the BOJ announced that the policy board headed by Governor Haruhiko Kuroda decided by an 8-1 majority vote to maintain the size of quantitative and qualitative easing.
The index trades with a negative market breadth, the advance-decline ratio being 13:208. TDK Corp edges 5% higher, followed by Mitsui Engineering up nearly 3%. Among the top losers, Ricoh Co is down -8.89%. While Sumitomo Heavy Industries is down –7.76%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19850. Meanwhile, support is seen at 19400 levels and from here to 19250 levels.
The benchmark Nikkei 225 index slumped -2.47% at 19564.88, hovering near fresh one week lows at 19502.61 levels. The index accelerated losses after the BOJ announced that the policy board headed by Governor Haruhiko Kuroda decided by an 8-1 majority vote to maintain the size of quantitative and qualitative easing.
The index trades with a negative market breadth, the advance-decline ratio being 13:208. TDK Corp edges 5% higher, followed by Mitsui Engineering up nearly 3%. Among the top losers, Ricoh Co is down -8.89%. While Sumitomo Heavy Industries is down –7.76%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19850. Meanwhile, support is seen at 19400 levels and from here to 19250 levels.