FxWirePro: Japanese Yen strengthens on the back of higher than expected core machinery orders
USD/JPY is currently trading around 107.98 marks. It made intraday high at 108.32 and low at 107.87 levels. Today Japan released core machinery orders data with positive numbers. Private sector machinery orders excluding…
It made intraday high at 108.32 and low at 107.87 levels.
Today Japan released core machinery orders data with positive numbers.
Private sector machinery orders excluding ships and utility items fell a seasonally-adjusted 9.2% month-on-month in February, according to data released by Japan's Cabinet Office on Monday, after surging 15% in January. Analysts expected 11.9% decline in machinery orders in February.
A daily close below 107.68 will take the parity down towards 107.43, 107.09 and 105.72 levels.
On the top side, initial resistance levels are seen at 108.05, 109.68, 111.23, and 112.60 marks.
