Nikkei off record highs as global equities soften, 23,300.00 in sight

• Japan's Nikkei Index off record highs

• Apple suppliers weighing down equities

Japan's leading equity index fell off from record highs to make a new three-week low as global equities and weakness in suppliers for Apple encourage a sell-off

The Nikkei index shied away from recent record highs as global equity markets declined, with US stocks posting their largest single-day decline in almost six months. Australian markets followed suit, sliding 0.4% alongside the Nikkei's 0.7% drop.

As equities slide, the US Dollar is being bolstered by bond yields, as notes stretch their yields as central planners continue to add to expectations of  central banks around the globe getting ready to reduce stimulus programs in the coming months, as long as the economic outlook continues to improve.

Nikkei Technicals

Nikkei Index last seen trading at ¥23629.34; with the 34-day moving average for the Nikkei currently priced at ¥23,300.00, continued selling in equities and indexes could see Nikkei trading into heavy support at ¥22,950.00.