• Nikkei has shown a minor decline after hitting  hits 1- month high at 19902 on account of North Korea tensions. The index jumped almost 650 points from the low and it is trading around 19822 0.18% lower.
   
• North Korea fired a missile that flew over Japan's north island of Hokkaido today morning. Nikkei declined till 19766 after the missile test.
   
• USD/JPY has declined slightly after hitting high of 111..03 yesterday. The pair is facing strong resistance at 111.10 (100- day MA) and any break above confirms further bullishness.It is currently trading around 110.14. Any break above will take the pair till 112.Short term support is around 107.30 and any break below targets 106.
   
• On the lower side, index major support is around 19534 (20- day MA) and any break below will drag the index down till 19425 (61.8% retracement of 19144 and 19899)/19235 (233- day MA)/19144.
   
• The near term resistance of Nikkei is around 20000 and break above will take the index to 20319 (Jun 20th 2017).Short term bearish invalidation only above 20319.
  
  It is good to buy on dips around 19550-600 with SL around 19370 for the TP of 20000/20319