FxWirePro: Japanese yen rises in early Asia after mixed economic data
Friday, September 7, 2018 1:10 AM UTC
- USD/JPY is currently trading around 110.50 marks.
- It made intraday high at 110.74 and low at 110.38 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 110.74 will take the parity higher towards key resistances around 111.53, 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
- On the other side, a sustained close below 110.74 will drag the parity down towards key supports around 110.30, 109.96, 109.36 and 108.34 levels respectively.
- Japan Jul 2018 all household spending mm decrease to -1.1 % (forecast -1.2 %) vs previous 2.9 %.
- Japan Aug 2018 foreign reserves increase to 1259.3 usd vs previous 1256.3 usd.
- Japan July 2018 overall labor cash earnings decrease to 1.5 % vs previous 3.3 % (revised from 3.6 %).
- Japan July 2018 overtime pay decrease to 1.9 % vs previous 3.5 %.
- Tokyo's Nikkei share average opens down 0.61 pct at 22,351.84.