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18 Mar 2015
Nikkei holds close to 15-yr highs before FOMC
FXStreet (Mumbai) - The Japanese equities index remains elevated, hovering close to fresh fifteen year peak reached in the previous session as investors braced for the Federal Open Market Committee's monetary policy statement, and above all, whether or not policymakers drop the word "patience" from the statement.
The benchmark Nikkei 225 index trades 0.15% higher at 19466.31 levels, retreating from near fifteen year highs of 19477.03. The index defends gains, although remains choppy on caution ahead of the U.S. Federal Reserve's monetary policy statement due later in the day.
The index trades fairly balanced, the advance-decline ratio being 107:107 suggesting indecisiveness and lack of clear direction. Mitsumi Electric is the top gainer rallying 6.79%, Alpa Electric is up 6.76%. Among the top losers, Inpex Corp is down -3.24%. While, Japan Steel Works is lower nearly -2.70%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19479.89. Meanwhile, support is seen at 19300 levels and from here to 19220 levels.
The benchmark Nikkei 225 index trades 0.15% higher at 19466.31 levels, retreating from near fifteen year highs of 19477.03. The index defends gains, although remains choppy on caution ahead of the U.S. Federal Reserve's monetary policy statement due later in the day.
The index trades fairly balanced, the advance-decline ratio being 107:107 suggesting indecisiveness and lack of clear direction. Mitsumi Electric is the top gainer rallying 6.79%, Alpa Electric is up 6.76%. Among the top losers, Inpex Corp is down -3.24%. While, Japan Steel Works is lower nearly -2.70%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19479.89. Meanwhile, support is seen at 19300 levels and from here to 19220 levels.