Nikkei225 declined sharply after showing a slight jump till 19378.The index fall was mainly due to strength in Yen. It is currently trading around 19083 1.1% lower.
•USD/JPY has once again breaks 115 and is trading well below that level. This confirms minor weakness , a decline till 112.80 is possible.It is currently trading around 114.10.
•Technically index is facing strong at 18930 (Dec 29th 2016 low) and any close below that level will drag the index down till 18818/18700.
•On the higher side, major intraday resistance is around19180 (38.2% retracement of 19378 and 19058) and any break above will take the index to 19270 (89- H EMA)/19350 (200- H MA)/19412 (61.8% retracement of 19698 and 18953).
•The index immediate support is at 18930 and any break below will drag the index down 18818 (23.6%retracement of 16105 and 19653)/18700.
•The index should break below 18000 for further weakness.
It is good to sell on rallies around 19200-230 with SL around 19380 for the TP of 18930/18800


FxWirePro- Major Pair levels and bias summary
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD recovers slightly but trend is still bearish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



