FxWirePro: Japanese yen appreciates in early Asia despite lower than expected cash earnings data

• USD/JPY is currently trading around 108.65 marks.
   
• It made intraday high at 108.80 and low at 108.50 levels.
   
• Intraday bias remains slightly bearish till the time pair holds key resistance at 109.20 marks.
   
• A daily close above 109.20 will take the parity higher towards key resistances around 109.83, 110.94, 111.47, 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
   
• On the other side, a sustained close below 109.20 will drag the parity down towards key supports around 108.13, 107.44, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan July overtime pay increase to 0.1 % vs previous -0.2 %.
   
• Japan July total cash earnings -0.3 pct yr/yr (previous 0.4 pct y/y).
   
• Japan July inflation-adjusted real wages -0.8 pct yr/yr.
   
• Japan July total cash earnings fall for first time in 14 months.
   
• Japan July real wages fall at fastest pace since June 2015.
   
• Japan's Nikkei share average falls to more than 4-month low.

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