Nikkei off 18-yr highs, subdued on Greece

FXStreet (Mumbai) - The Japanese equities index opened with a negative gap of nearly 90 points and remains largely subdued tracking weakness from Wall Street overnight as hopes for a Greek celebration vanished with the unsuccessful Euro group meeting, while the upbeat US data added to the Fed rate-hike expectations.

Currently, the benchmark Nikkei 225 index trades -0.21% lower at 20825.4, retreating from session lows at 20758.60. The Japanese stocks extended its declines today as Greek uncertainty prolongs dampening investors’ sentiments.

The Nikkei 225 index trades with a negative market breadth with the advance decline ratio of 63:157. UNY Group Holdings is the top gainer, up nearly 2%, followed by Sojitz Corp up 1.31%. The top loser so far is Minebea Co, down -3.67%, followed by Mitsui Chemicals which is losing -3.14%.

Nikkei Technical Levels

The index has an immediate resistance stands at 20952.71. Meanwhile, support is seen at 20700 levels and from here to 20531 levels.