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FxWirePro: Japanese yen trades marginally lower after mixed economic data

  • USD/JPY is currently trading around 111.38 marks.
     
  • It made intraday high at 111.42 and low at 111.17 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 111.04 mark.
     
  • A daily close above 111.67 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 111.04 will drag the parity down towards key supports around 110.38, 109.96, 109.36 and 108.34 levels respectively.
     
  • Japan July 2018 machinery orders mm increase to 11 % (forecast 5.7 %) vs previous -8.8 %.
     
  • Japan Aug 2018 corporate goods price yy decrease to 3 % (forecast 3.1 %) vs previous 3.1 %.
     
  • Japan Sep 2018 Reuters tankan decrease to 26 vs previous 30.
     
  • Tokyo's Nikkei share average opens up 0.24 pct at 22,657.95.
  • Market Data
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