FxWirePro: Japanese yen depreciates in early hours of Asia despite higher than expected BSI manufacturing index
USD/JPY is currently trading around 114.22 marks. It made intraday high at 114.30 and low at 113.98 levels. Intraday bias remains neutral till the time pair holds key resistance at 114.42 levels. A daily close above 114.…
It made intraday high at 114.30 and low at 113.98 levels.
Intraday bias remains neutral till the time pair holds key resistance at 114.42 levels.
A daily close above 114.42 will take the parity higher towards key resistances around 115.32, 116.78 and 117.25 levels respectively.
On the other side, a sustained close below 113.13 will drag the parity down towards key supports around 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s Q4 business survey index increases to 7.5 vs previous 2.9.
