FxWirePro: Japanese yen depreciates in early Asia after mixed economic data
USD/JPY is currently trading around 107.93 marks. It made intraday high at 107.93 and low at 107.25 levels. Intraday bias remains bullish for the moment. A daily close above 107.75 will take the parity higher towards key…
It made intraday high at 107.93 and low at 107.25 levels.
Intraday bias remains bullish for the moment.
A daily close above 107.75 will take the parity higher towards key resistances around 108.72, 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 107.49 will drag the parity down towards key supports around 107.00, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s Tankan manufacturing index stands at -8 vs 0 previous release (expected -10).
Japan’s Tankan non - manufacturing index stands at 8 vs 20 previous release (expected 3).
Japan’s final manufacturing PMI stands at 44.8 pct vs 44.8 pct previous release (expected 44.9).
Japan’s Nikkei was trading 0.84 pct lower at 18,732.50 points.
