Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Japanese yen depreciates in early Asia after mixed economic data

  • USD/JPY is currently trading around 107.93 marks.
     
  • It made intraday high at 107.93 and low at 107.25 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close above 107.75 will take the parity higher towards key resistances around 108.72, 109.54, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
     
  • On the other side, a sustained close below 107.49 will drag the parity down towards key supports around 107.00, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
     
  • Japan’s Tankan manufacturing index stands at -8 vs 0 previous release (expected -10).
     
  • Japan’s Tankan non - manufacturing index stands at 8 vs 20 previous release (expected 3).
     
  • Japan’s final manufacturing PMI stands at 44.8 pct vs 44.8 pct previous release (expected 44.9).
     
  • Japan’s Nikkei was trading 0.84 pct lower at 18,732.50 points.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.