Nikkei off today's highs, backing into 21,200.00

• Nikkei is up on the day but faltering on trade war fears.
• Mixed Japanese data, declining foreign investment dragging down equities.

The Nikkei Index is off today's highs and testing lower on mixed data for Japan, currently trading near 21,225.00.

The Nikkei is falling heading into the index's end-of-day, with market sentiment continuing to struggle in the face of ongoing trade war fears. Donald Trump's threats of stiff tariffs on steel and aluminum imports to the US are failing to come to a quick conclusion and equities and struggling to make headway as risk appetite continues to sour.

Japan saw an upbeat positive revision to GDP figures, but a miss for trade balance figures and declining foreign investment in Japanese stocks and bonds is souring risk sentiment in Asia markets.

Nikkei Technicals

The index is making lower highs into strong support following the decline that began in January. H4 candles show the Nikkei struggling to make higher lows. Intraday support can be found at 21,080.00 and 20,845.00 and resistance is priced in at 21,465.00 and 21,700.00.