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- USD/JPY is currently trading around 110.57 marks.
- It made intraday high at 110.59 and low at 110.16 levels.
- Intraday bias remains bullish till the time pair holds key support at 109.54 marks.
- A daily close above 110.22 will take the parity higher towards key resistances around 110.82, 112.07, 112.86, 113.57, 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 110.22 will drag the parity down towards key supports around 109.54, 108.13, 107.44, 106.72, 106.03 and 104.96 levels respectively.
- Japan July industrial output prelim mm decrease to -0.8 % (forecast -0.5 %) vs previous 2.2 %.
- Japan September IP forecast 2 month ahead decreases to -3.1 % vs previous 3.6 %.
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