FxWirePro: Japanese yen depreciates in early Asia after mixed economic data
Wednesday, April 1, 2020 2:24 AM UTC
- 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.