• Nikkei declined slightly after hits two year high on increasing geo political tensions in North Korea. The pair declined till 20260 at the time of writing and is trading around 20256 0.66% lower.
   
• North Korea could test hydrogen bomb in pacific ocean in response threat of military actions by Donald Trump.
   
• USD/JPY has declined sharply after hitting high of 112.71. The near term support is around 111.13 (100- day MA) and any convincing break below  will take the pair to next level till 110/108. It is currently trading around 111.81. Short term support is around 107.30 and any break below targets 106.
   
• On the lower side, index major support is around 2000 and any break below will drag the index down till 19850 (100- day MA)/ 19598 (20- day MA)/19425 (61.8% retracement of 19144 and 19899)/19250 (233- day MA)/19144.
   
• The near term resistance is around 20500 and break above will take the index to 20905/21000. 
  
  It is good to sell on ralleis around 20350-20400 with SL around 20500 for the TP of 20000.