FxWirePro: Japanese Yen gains in early Asia on robust trade balance data
USD/JPY is currently trading around 113.60 marks. It made intraday high at 113.98 and low at 113.49 levels. Intraday bias remains slightly bearish for the moment. A daily close above 113.76 will take the parity higher to…
It made intraday high at 113.98 and low at 113.49 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 113.76 will take the parity higher towards key resistances around 114.42, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 113.76 will drag the parity down towards key supports around 112.52, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s December exports y/y increases to 5.4 % (forecast 1.2 %) vs previous -0.4 %.
Japan’s December imports y/y increases to -2.6 % (forecast -0.8 %) vs previous -8.8 %.
Japan’s December trade balance total yen increase to 641.4 bln jpy (forecast 270.0 bln jpy) vs previous 152.5 bln jpy.
