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FxWirePro: Japanese yen trades marginally higher despite lower than expected trade balance data

  • USD/JPY is currently trading around 110.55 marks.
     
  • It made intraday high at 110.74 and low at 110.47 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 110.75 mark.
     
  • A daily close above 110.75 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 110.75 will drag the parity down towards key supports around 110.28, 109.96, 109.36 and 108.34 levels respectively.
     
  • Japan July 2018 trade balance total yen decrease to -231.2 jpy (forecast -50 jpy) vs previous 720.8 jpy (revised from 721.4 jpy).
     
  • Japan July 2018 exports yy decrease to 3.9 % (forecast 6.3 %) vs previous 6.7 %.
     
  • Japan July 2018 imports yy increase to 14.6 % (forecast 14.4 %) vs previous 2.6 % (revised from 2.5 %). 
     
  • Tokyo's Nikkei share average opens down 1.01 pct at 21,980.82.
  • Market Data
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