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 ab…
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.
