FxWirePro: Japanese yen falls despite higher than expected manufacturing PMI data
USD/JPY is currently trading around 113.85 marks. It made intraday high at 113.93 and low at 113.60 levels. Intraday bias remains slightly bullish till the time pair holds key support at 112.95 marks. A daily close above…
It made intraday high at 113.93 and low at 113.60 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 112.95 marks.
A daily close above 113.62 will take the parity higher towards key resistances around 114.10, 114.88, 115.50, 117.21 and 118.18 levels respectively.
On the other side, a sustained close below 113.62 will drag the parity down towards key supports around 112.95, 111.99, 111.47, 110.99, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan Oct Nikkei manufacturing PMI increase to 52.8 vs previous 52.5.
Tokyo's Nikkei share average opens up 0.61 pct at 22,144.92.
