FxWirePro: Japanese yen falls in early Asia as Japan’s flash manufacturing PMI fails to meet expectations
USD/JPY is currently trading around 111.32 marks. It made intraday high at 111.35 and low at 110.86 levels. Intraday bias remains bullish till the time pair holds key support at 110.62 marks. A daily close above 110.92 w…
It made intraday high at 111.35 and low at 110.86 levels.
Intraday bias remains bullish till the time pair holds key support at 110.62 marks.
A daily close above 110.92 will take the parity higher towards key resistances around 111.80, 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 110.92 will drag the parity down towards key supports around 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s March Nikkei manufacturing PMI decreases to 52.6 vs previous 53.3.
