FxWirePro: Japanese yen trades marginally higher after mixed economic data

• USD/JPY is currently trading around 107.15 marks.
   
• It made intraday high at 107.43 and low at 106.00 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 107.49 mark.
   
• A daily close above 107.37 will take the parity higher towards key resistances around 107.77, 108.64, 110.32, 110.92 and 111.87 levels respectively.
   
• On the other side, a sustained close below 107.37 will drag the parity down towards key supports around 106.70, 105.98, 104.63, 103.34, 102.58 and 101.98 levels respectively.
   
• Japan Feb all household spding y/y decrease to -0.9 % (forecast 0.3 %) vs previous 2 %.
   
• Japan Feb all household spending m/m decrease to -1.5 % (forecast -0.6 %) vs previous 2.7 %.
   
• Japan March foreign reserves increase to 1268.3 bln us vs previous 1261.7 bln us.
   
• Japan Feb overtime pay increase to 1 %.
   
• Tokyo's nikkei share average opens down 0.05 pct at 21,633.73.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest