FxWirePro: Japanese yen falls in early Asia on the back of lower than expected current account, core machinery orders data
USD/JPY is currently trading around 114.13 marks. It made intraday high at 114.14 and low at 113.86 levels. Intraday bias remains bullish till the time pair holds key support at 113.10 marks. A daily close above 113.90 w…
It made intraday high at 114.14 and low at 113.86 levels.
Intraday bias remains bullish till the time pair holds key support at 113.10 marks.
A daily close above 113.90 will take the parity higher towards key resistances around 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 113.90 will drag the parity down towards key supports around 113.10, 112.08, 111.14, 110.65, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
Japan’s May machinery orders y/y decrease to 0.6 % (forecast 7.7 %) vs previous 2.7 %.
Japan’s May current account nsa jpy decrease to 1653.9 bln jpy (forecast 1796.3 bln jpy) vs previous 1951.9 bln jpy.
Japan govt cuts machinery orders assessment for first time since Sept 2016.
BOJ governor Kuroda - Japan's financial system maintaining stability.
Dollar rises above 114.19 yen to highest since May 11.
