FxWirePro: Japanese yen trades flat in early Asia despite lower than expected current account data
Wednesday, August 8, 2018 1:12 AM UTC
- USD/JPY is currently trading around 111.42 marks.
- It made intraday high at 111.43 and low at 111.30 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 111.37 will take the parity higher towards key resistances around 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
- On the other side, a sustained close below 111.37 will drag the parity down towards key supports around 110.97, 110.58, 110.28, 109.96, 109.36 and 108.34 levels respectively.
- Japan June 2018 current account NSA jpy decrease to 1175.6 jpy (forecast 1195.8 jpy) vs previous 1938.3 jpy.
- Japan July 2018 bank lending yy decrease to 2 % vs previous 2.2 %.
- BOJ summary - Govt welcomes proposals by BOJ's staff to strengthen BOJ's policy framework.
- BOJ summary - Govt recognises that steps proposed today are intended to clarify BOJ's intention to continue monetary easing.
- Tokyo's nikkei share average opens up 0.02 pct at 22,666.56.