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Nikkei off 15-yr highs above 19k mark

FXStreet (Mumbai) - The Japanese equities index opened on a firmer note after a surprise rate cut by South Korea's central bank boosted sentiment, helping offset a weak lead overnight from Wall Street and lower commodity prices.

The benchmark Nikkei 225 index rebounded 1.19% higher at 18946 levels, retreating from fifteen year highs of 19908.13. The index now trimmed partial gains as a slightly stronger yen pushed the exports lower, pulling the index away from fresh yearly highs.

The index trades with a positive market breadth, the advance-decline ratio being 178:38. Yamaha Corp is the top gainer rallying 5.60%, Eisai Co is up 5.39%. Among the top losers, UNY Group Holdings is down -2.95%. While, SKY Perfect JSAT Holdings is lower nearly 2%.

Nikkei Technical Levels

The index has an immediate resistance stands at 19908.13 Meanwhile, support is seen at 18800 levels and from here to 18733 levels.

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