FxWirePro: Japanese yen gains in early Asia despite lower than expected manufacturing PMI data
USD/JPY is currently trading around 110.92 marks. It made intraday high at 111.17 and low at 110.76 levels. Intraday bias remains bearish till the time pair holds key resistance at 111.12 marks. A daily close above 111.1…
It made intraday high at 111.17 and low at 110.76 levels.
Intraday bias remains bearish till the time pair holds key resistance at 111.12 marks.
A daily close above 111.12 will take the parity higher towards key resistances around 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 111.12 will drag the parity down towards key supports around 110.65, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
Japan July Nikkei manufacturing PMI decrease to 52.2 vs previous 52.4.
Tokyo's Nikkei share average opens down 0.63 pct at 19,973.67.
