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FxWirePro: Japanese yen rises in early Asia after strong economic data, bias remains bearish

  • USD/JPY is currently trading around 112.16 marks.
     
  • It made intraday high at 112.31 and low at 112.05 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 112.58 mark.
     
  • A daily close above 112.27 will take the parity higher towards key resistances around 112.98, 113.46, 114.45, 114.73, 115.90, 116.34 and 117.02 levels respectively.
     
  • On the other side, a sustained close below 112.27 will drag the parity down towards key supports around 111.66, 110.38, 109.96, 109.36 and 108.34 levels respectively.
     
  • Japan Sep 2018 bank lending yy increase to 2.3 % vs previous 2.2 %.
     
  • Japan Sep 2018 corp goods price mm increase to 0.3 % (forecast 0.2 %).
     
  • Tokyo's nikkei share average opens down 1.97 pct at 23,043.37.
  • Market Data
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