FxWirePro: Japanese yen falls despite higher than expected manufacturing PMI data
Friday, September 23, 2016 1:09 AM UTC
- USD/JPY is currently trading around 101.03 marks.
- It made intraday high at 101.17 and low at 100.69 levels.
- Intraday bias remains bullish till the time pair holds key support at 100.09 levels.
- A daily close above 101.72 will take the parity higher towards key resistances around 102.65, 103.42, 104.13, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
- On the other side, a sustained break below 100.09 will drag the parity down towards key supports at 99.27 and 98.78 levels respectively.
- Japan September Nikkei manufacturing PMI flash increase to 50.3 vs previous 49.5.
- It shows activity expands for the first time in 7 months.