FxWirePro: Japanese yen falls in early Asia as manufacturing PMI data misses expectations, hits lowest level since May 31
USD/JPY is currently trading around 109.20 marks. It made intraday high at 109.31 and low at 108.70 levels. Intraday bias remains bullish for the moment. A daily close above 108.85 will take the parity higher towards key…
It made intraday high at 109.31 and low at 108.70 levels.
Intraday bias remains bullish for the moment.
A daily close above 108.85 will take the parity higher towards key resistances around 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 108.45 will drag the parity down towards key supports around 107.90, 107.16, 106.62, 105.25 and 104.00 levels respectively.
Japan July manufacturing PMI at 49.4 pct vs 49.6 pct previous release.
Japan’s Nikkei was trading 0.17 pct higher at 21,557.50 points.
