21 Jan 2015
Nikkei ended lower on BOJ inaction
FXStreet (Mumbai) - The Japanese equities index finished lower today after the Bank of Japan (BoJ) made no policy changes at their meeting today.
The benchmark Nikkei 225 index closed at 17280.48 levels, down 0.49%, compared to previous session’s close of 17366.30. The index traded lower today on profit taking following the strong rally in the previous session. The index also came under pressure after the yen strengthened post the release of BOJ monetary policy statement.
The index breadth traded negative with an advance-decline ratio of 61:161. Among the major gainers, Konami Corp led the index up by 6.97% followed by Sony Corp which gained 5.36% and Alps Electric Co Ltd moved up 3.06%. Pacific Metals Co was the top loser, down -4.98%. Yokogawa Electric Co and Fujikura Ltd lost over 4% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17366 above which gains could be extended to 17540 levels. Meanwhile, support is seen at 17100 levels and from here to 16883 levels.
The benchmark Nikkei 225 index closed at 17280.48 levels, down 0.49%, compared to previous session’s close of 17366.30. The index traded lower today on profit taking following the strong rally in the previous session. The index also came under pressure after the yen strengthened post the release of BOJ monetary policy statement.
The index breadth traded negative with an advance-decline ratio of 61:161. Among the major gainers, Konami Corp led the index up by 6.97% followed by Sony Corp which gained 5.36% and Alps Electric Co Ltd moved up 3.06%. Pacific Metals Co was the top loser, down -4.98%. Yokogawa Electric Co and Fujikura Ltd lost over 4% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17366 above which gains could be extended to 17540 levels. Meanwhile, support is seen at 17100 levels and from here to 16883 levels.