FxWirePro: Japanese yen trades marginally lower as core machinery orders data misses expectations
Wednesday, April 10, 2019 1:33 AM UTC
- USD/JPY is currently trading around 111.17 marks.
- It made intraday high at 111.23 and low at 111.06 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 110.98 mark.
- A daily close above 111.12 will take the parity higher towards key resistances around 111.57, 112.10, 112.60, 113.98, 114.54 and 115.24 levels respectively.
- On the other side, a sustained close below 111.12 will drag the parity down towards key supports around 110.98, 109.90, 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan Feb 2019 machinery orders mm increase to 1.8 % (forecast 2.5 %) vs previous -5.4 %.
- Japan Mar 2019 bank lending yy increase to 2.4 % vs previous 2.3 %.
- Japan Mar 2019 corp goods price yy increase to 1.3 % (forecast 1.1 %) vs previous 0.8 %.
- Tokyo's Nikkei share average opens down 1.02 pct at 21,579.68.