Asian markets is trading fixed as markets awaits trade talks between US and China on Sat G20 summit in Argentina. Market hopes that talks might ease the trade tensions between US and China.US markets has closed flat with Dow Jones 25338 (0.11% lower) and S&P500 2737 (0.22% lower). US 10 year bond yield has lost more than 2% and declined below 3% after dovish Fed Chairman comments.Chinese market Shanghai is trading flat and is trading around 2573 0.12% higher.Nikkei hits low of 22194 and is currently trading around 22309 (0.09% higher).
USDJPY has lost 80 pips after hitting high of 114.03. The pair hits low of 113.19 and is currently trading around 113.40.The near term major support is around 113 and any break below targets 112.30/112.
On the lower side, near term support is around 22180 (55- day EMA) and any break below targets 22000/21800/21400.
The near term resistance is at 22467 (200- day MA) and any break above targets 22585/22950.
It is good to buy on dips around 22000 with SL around 21800 for the TP of 22550.
