Nikkei has lost more than 500 points after Donald Trump said that the US will impose a 10% tariff on the remaining $300 billion. US markets have closed more than 1% lower with Dow Jones 26583 (1.05%) and S&P500 2953 (0.90%). The Japanese index hits a low of 21013 and is currently trading around 21068.
USDJPY has shown a massive sell-off of more than 200pips from the temporary top made at 109.31. Any break below 106.80 confirms further bearish continuation.
US 10 year bond yield slumped nearly 18 basis points on hopes of more rate cut and weak US ISM manufacturing data. US ISM data came in at 51.2% slowest pace in three years.
On the flip side, near term support is around 20990 and any break below will drag the pair till 20750/20500.
The near term resistance is around 21213 (200- day MA) and any break above will take the index till 21443-21515 (21- day MA and 55- day EMA).
It is good to sell on rallies around 21225-250 with SL around 21515 for the TP of 20750.


FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/AUD bears maintain upper hand
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision 



