Japan's Nikkei 225 climbing steadily after a rough start to the week

• The Nikkei is recovering from Monday's market decline, but bearish pressure likely to persist as geopolitical tensions continue.
• Japan's lack of macro data this week leaves risk assets at the mercy of broader market sentiment.

Japan's Nikkei 225 Index is climbing in Tuesday's action, reaching 21,250.00 after Monday's decline in the US session took the index down to 20,924.00, and the index is lifting steadily despite still being down from Monday's action.

Most of Asia and Europe were off for the Easter Monday holiday, and US traders opened the week with renewed risk aversion following China's retaliatory tariffs on American goods that they announced last week. The tariffs came into effect on Monday, and traders' fears about a trade war between the US and China continue to ride high, leaving equities and other risk assets exposed to flight risk.

There's little data on the calendar this week for Japan, and the Nikkei will be rolling with overall market sentiment moving forward.

Nikkei 225 Levels to consider

Monday's drop has put in a floor for support at the 20,920.00 level, but a further decline from that region sees more support at mid-March's swing low near 20,700.00, while a bullish move will run into resistance from the week's high at 21,600.00 and March's high point of 22,100.00.