FxWirePro: Japanese yen trades marginally lower in early Asia after core machinery orders data
Wednesday, October 10, 2018 1:37 AM UTC
- USD/JPY is currently trading around 113.06 marks.
- It made intraday high at 113.08 and low at 112.92 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 112.70 mark.
- A daily close above 112.95 will take the parity higher towards key resistances around 113.46, 114.45, 114.73, 115.90, 116.34 and 117.02 levels respectively.
- On the other side, a sustained close below 112.70 will drag the parity down towards key supports around 111.66, 110.38, 109.96, 109.36 and 108.34 levels respectively.
- Japan Aug 2018 machinery orders yy decrease to 12.6 % (forecast 1.6 %) vs previous 13.9 %.
- Japan Aug 2018 machinery orders mm decrease to 6.8 % (forecast -4 %) vs previous 11 %.
- Tokyo's Nikkei share average opens up 0.30 pct at 23,538.92.