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FxWirePro: Japanese yen depreciates in early Asia after mixed economic data sets, faces immediate resistance at 110.85 mark

  • USD/JPY is currently trading around 110.29 marks.
     
  • It made intraday high at 110.49 and low at 109.96 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 109.20 marks.
     
  • A daily close above 110.03 will take the parity higher towards key resistances around 110.49, 110.85, 111.40, 111.87, 112.56 and 113.44 levels respectively.
     
  • On the other side, a sustained close below 110.03 will drag the parity down towards key supports around 109.20, 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
     
  • Japan May corporate goods price mm increase to 0.6 % (forecast 0.2 %) vs previous 0.1 %.
     
  • Japan May corporate goods price yy increase to 2.7 % (forecast 2.2 %) vs previous 2 %.
     
  • Japan Q2 business survey index decrease to -3.2 % vs previous 2.9 %.
     
  • Tokyo's Nikkei share average opens up 0.76 pct at 22,977.22.

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