Asian markets are trading higher especially Nikkei jumped more than 3.5% in two trading session on US -China trade hope. US market has closed higher with S&P500 has broken major resistance 200- day MA at 2744 on trade and shutdown optimism.The dollar has gained sharply yesterday against yen and jumped more than 70 pips from low. The weaker yen has boosted demand for exporters such as automakers and machinery makers. US markets has closed higher with Dow Jones 25425 (1.49% higher) and S&P500 2744 (1.29% higher). USDJPY is trading well above 110 level and a jump till 111.40/112 likely.
On the lower side, near term support is around 20730 (200-H MA) and any break below targets 20400/20000.
The near term resistance is at 21200 and any break above targets 21387/21500..
It is good to buy on dips around 20700-725 with SL around 20500 for the TP of 21500.
