Asian markets trades higher especially Nikkei jumps more than 1% on strong Wall Street and trade talks optimism. Wall street has closed higher especially NASDAQ jumped more than 1.5% on easing trade tensions between US and China .US futures is trading flat with Dow at 25338 (0.03% higher) and S&P500 2732 (0.03% higher).Chinese market shanghai continues to trade higher and jumped more than 1% higher and is trading around 2637 1.22% higher.Nikkei has jumped more than 500 points from low of 21512 made yesterday. It is currently trading around 21924 (0.55% higher).
USDJPY has lost more than 80 pips from high of 113.37. The near term major resistance is around 113.48 and any break above targets 114/114.55. It is currently trading around 112.80.
On the lower side, near term support is around 21400 and any break below targets 21000/20800.
The near term resistance is at aid 22000 and any break above targets 22400/22630.
It is good to buy on dips around 21700-750 with SL around 21500 for the TP of 22400.
