FxWirePro: Japanese yen falls in early Asia on the back of lower than expected current account, core machinery orders data
Monday, July 10, 2017 1:14 AM UTC
- 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 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.