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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 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.

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