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

  • 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.
  • Market Data
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