FxWirePro: Japanese yen appreciates on favourable Reuters Tankan index
USD/JPY is currently trading around 109.63 marks. It made intraday high at 110.09 and low at 109.45 levels. Intraday bias remains bearish till the time pair holds key resistance at 110.92 marks. A daily close above 110.0…
It made intraday high at 110.09 and low at 109.45 levels.
Intraday bias remains bearish till the time pair holds key resistance at 110.92 marks.
A daily close above 110.07 will take the parity higher towards key resistances around 110.92, 111.40, 111.87, 112.56 and 113.44 levels respectively.
On the other side, a sustained close below 110.07 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Japan May Reuters Tankan Index increase to 22 vs previous 21.
Tokyo's Nikkei share average opens down 0.30 pct at 22,621.29.
