FxWirePro: Japanese Yen gains in early Asia on robust cash earnings data
USD/JPY is currently trading around 107.31 marks. It made intraday high at 107.62 and low at 107.03 levels. Japan's average cash earnings rose 1.4% year-on-year in March, coming in stronger than the median analyst foreca…
It made intraday high at 107.62 and low at 107.03 levels.
Japan's average cash earnings rose 1.4% year-on-year in March, coming in stronger than the median analyst forecast of a 0.6% increase and 0.7% m/m previous release.
Intraday bias remains neutral for the moment.
A daily close below 106.80 will drag the parity down towards key supports at 106.15, 105.71, 105.45 and 104.55 levels respectively.
Alternatively, reversal from key support will take the parity higher towards key resistances at 107.87, 109.49, 111.23, 112.60 and 113.42 levels respectively.
Japan will release consumer confidence data at 0500 GMT.
