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 w…
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.
