Nikkei 225 clambering upwards, erasing previous week's losses

• Risk appetite is surging in Asia equities and the Nikkei is driving to rebalance after last week's declines.
• Geopolitical tensions still loom on the horizon as tariffs, NAFTA negotiations still remain unresolved.

The Nikkei 225 is climbing as risk appetite surges this week as market fears of ongoing trade wars between the US and China have subsided, and Japan's leading equity index is grinding through last week's losses, peaking near 21,240.00 ahead of the European markets.

Japan's Parliament is still going through testimonies involved in the Japanese government land sale scandal, but Asia equities are unperturbed, and the Nikkei is bidding consistently through the Asia market session.

Geopolitical tensions are far from over despite upbeat headlines over the weekend, as China and President Trump's administration still have tariffs aimed at each other, and Trump's self-imposed end of March deadline for NAFTA negotiations is fast approaching.

Nikkei Index Levels to watch

This week's drive upwards has left the equity index hanging unchallenged, with resistance sitting at last week's swing high of 21,550.00 with March's high of 21,970.00 further up, while support sits at early March's swing low of 20,680.00 and last week's bottom of 20,285.00.