• Nikkei225 has broken minor resistance at 16800 and jumped till 16884 at the time of writing.It is currently trading around 16854.
   
• The index jumped from the low of 16679 yesterday and closed at 16846 compared all other Asian indices on account of weaker yen.The yen depreciation is positive Japan's economy and it is expected to boost country's exports.
   
• The index is facing resistance around 16920 (200 day MA) and any close above will take the Nikkei to next level 17000 (psychological). Any close above 17000 confirms further bullishness a jump till 17500 is possible. 
   
• Short term trend is slightly bullish as long as the index not able to break below 16290 (61.8% retracement of 15894 and 16935). 
   
• On the lower side, any break below major intraday support 16600 (daily Kijun-Sen) and any break below 16600 will drag the pair 16400 (100-day MA)/16290.
  
  It is good to buy on dips around 16750 with SL 16600 for the TP of 17000/17300