Asian markets are trading mixed especially Nikkei gained more than 0.5% on weak yen.
BOJ has kept its interest rates unchanged at -10bpbs as widely expected. The central bank cuts inflation target to 0.9% from 1.4% and maintained 10yr JGB yield target at 0.00%. USDJPY jumped more than 20 pips after policy.It hits high of 109.79 and is currently trading around 109.74.Any break above 110 confirms further bullishness.
US markets hated its 4 day winning streak and closed lower with Dow Jones 24404 (1.22% lower) and S&P500 2632 (1.42 lower).
On the lower side, near term support is around 20500 and any break below targets 20200/20000.
The near term resistance is at 21000 and any break above targets 21387/21573.
It is good to buy on dips around 20500 with SL around 20200 for the TP of 21380.
