FxWirePro: Japanese yen rises in early Asia despite lower than expected core machinery orders data
Thursday, August 9, 2018 1:49 AM UTC
- USD/JPY is currently trading around 110.83 marks.
- It made intraday high at 111.00 and low at 110.75 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 111.52 mark.
- A daily close above 110.95 will take the parity higher towards key resistances around 111.52, 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
- On the other side, a sustained close below 110.95 will drag the parity down towards key supports around 110.58, 110.28, 109.96, 109.36 and 108.34 levels respectively.
- Japan June 2018 machinery orders mm decrease to -8.8 % (forecast -1.3 %) vs previous -3.7 %.
- Japan June 2018 machinery orders yy decrease to 0.3 % (forecast 9.5 %) vs previous 16.5 %.
- Tokyo's Nikkei share average opens down 0.23 pct at 22,591.54.