FxWirePro: Japanese yen falls in early Asia after core machinery orders, PPI data
USD/JPY is currently trading around 108.05 marks. It made intraday high at 108.09 and low at 107.77 levels. Intraday bias remains bullish for the moment. A daily close above 107.80 will take the parity higher towards key…
It made intraday high at 108.09 and low at 107.77 levels.
Intraday bias remains bullish for the moment.
A daily close above 107.80 will take the parity higher towards key resistances around 108.32, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 107.80 will drag the parity down towards key supports around 107.18, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 0.88 pct higher at 21,787.50 points.
Japan core machinery orders m/m stands at -6.6 pct vs 13.9 pct previous release (expeceted -9.0 pct).
Japan PPI y/y stands at -0.9 vs -0.6 pct previous release.
