FxWirePro: Japanese yen depreciates in early hours of Asia on the back of lower than expected GDP data
USD/JPY is currently trading around 113.88 marks. It made intraday high at 114.16 and low at 113.42 levels. Intraday bias remains bullish till the time pair holds key support at 112.86 marks. A daily close above 114.00 w…
It made intraday high at 114.16 and low at 113.42 levels.
Intraday bias remains bullish till the time pair holds key support at 112.86 marks.
A daily close above 114.00 will take the parity higher towards key resistances around 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 114.00 will drag the parity down towards key supports around 112.86, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s Q4 GDP q/q decreases to 0.2 % (forecast 0.3 %) vs previous 0.3 %.
Japan’s Q4 GDP q/q annualised decreases to 1 % (forecast 1.1 %) vs previous 1.4 % (revised from 1.3 %).
