• Nikkei has shown a minor consolidation after hitting fresh 21- year high at 22594 on account of strong global equity markets and weak yen. Market awaits US non farm payroll data which is to be released today for further direction. It is currently trading around 22470 0.23% lower.
   
• US economy is expected to add 312K in the previous month compared to decline in previous month on account of hurricane. Any positive data will increase the chance of rate hike by Fed in 2018.
   
•  USD/JPY has shown a minor decline after hitting high of 114.23. The pair bullish continuation can be seen if it closes above 114.45 (161.8% fibo) level. The pair's major support is around 112.96 (daily Kijun-Sen) and any close below will dhe index till 112.20 (233- day MA)/111.65/111.13. It is currently trading around 113.80. 
   
• On the lower side, index major support is around 22296 (55- H EMA) and any break below will drag the index down till 22000/21836(233- H MA)/21400/21200.
   
• The near term resistance is around 22600 and any break above will take the index to next level till 22780/23000.
  
  It is good to buy on dips around 22000 with SL around 21729 for the TP of 22480/22750.