Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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 111.12 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.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.