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FxWirePro: USD/JPY hits fresh 2-week high at 105.46 mark, China’s CPI data in focus

Wednesday, November 9, 2016 1:20 AM UTC

USD/JPY is currently trading around 105.35 marks.
It made intraday high at 105.46 and low at 104.35 levels.
Intraday bias remains bullish till the time pair holds key support at 104.29 levels.
A daily close above 105.50 will take the parity higher towards key resistances around 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 104.29 will drag the parity down towards key supports around 103.75, 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
Japan September current account NSA decreases to 1821 bln JPY (forecast 1960.2 bln JPY) vs previous 2000.8 bln JPY.
Japan October bank lending y/y increases to 2.4 % vs previous 2.2 %.
China will release CPI data at 0130 GMT.

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FxWirePro: USD/JPY hits fresh 2-week high at 105.46 mark, China’s CPI data in focus

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