FxWirePro: Nikkei trades slightly higher on weak yen, good to buy on dips

Asian markets are trading slightly higher as US markets S&P500 and NASDAQ broke 4- day losing streak.US White house on Monday announced that Trump and North Korea Kim is pallningto have a follow up meeting after their first meeting in Singapore.US markets has closed mixed with Dow Jones 25875 (0.23% lower) and S&P500 2877 (0.19% higher) and NASDAQ 7924 (0.27% higher). US futures are currently trading slightly lower with Dow Jones 25905 (0.12% higher) and S&P500 2881 (0.13% higher). Nikkei is trading around 22341 (0.53% higher).
 

USD/JPY has gained more than 100 pips from the low of 110.38. It is currently trading around 111.43 (0.30% higher).
 

On the lower side, index near term support is around 22367 and any break below will drag the index down till 22100. The major long term support is around 21750.
 

The near term resistance is around 22653 and any convincing break above will take the index to next level till 22800/23040.

It is good to buy on dips around 22370-400 with SL at 22100 for the TP of 23000.