Nikkei 225 hits 21,700.00 as recovery extends

• Nikkei recovers from risk-off topple, clears a new high for the week.
• Risk recoveries are coming faster as traders begin to tune out tariff spats.

The Nikkei is holding at the 21,700.00 level after climbing steadily from Wednesday's low.

The Nikkei index is holding at a new high for the week after rebounding from the early week's risk flights on continued trade tensions. 

Sentiment has improved after both the US and China have expressed a willingness to negotiate through the current trade tensions after a week of steady tariff threats.

Many traders are beginning to note that the real impacts from trade tariffs will be far less than the headline's impact, and risk appetite is beginning to recover quicker following bouts of aversion on geopolitical headlines.

Nikkei Levels to watch

Immediate support is being provided by yesterday's high at 21,560.00 and Wednesday's low near 21,020.00, while a bullish continuation will need to clear early March's swing high at 22,100.00, before contesting February's top at 22,500.00.