FxWirePro: Japanese yen appreciates in early Asia after household spending, average cash earnings data
USD/JPY is currently trading around 108.77 marks. It made intraday high at 109.27 and low at 108.71 levels. Intraday bias remains bearish till the time pair holds key resistance at 109.18 mark. A daily close above 109.18…
It made intraday high at 109.27 and low at 108.71 levels.
Intraday bias remains bearish till the time pair holds key resistance at 109.18 mark.
A daily close above 109.18 will take the parity higher towards key resistances around 109.54, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 108.36 will drag the parity down towards key supports around 107.46, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s average cash earnings stands at 1.0 vs 1.2 previous release (expected 0.2).
Japan’s household spending stands at -0.3 vs -3.9 previous release (expected -3.3).
Japan’s Nikkei was trading 1.33 pct higher at 18,790.50 points.
