FxWirePro: Japanese yen gains in early hours of Asia on robust bank lending, current account data
USD/JPY is currently trading around 115.16 marks. It made intraday high at 115.50 and low at 114.87 levels. Intraday bias remains bearish till the time pair holds key resistance at 117.21 levels. A daily close above 115.…
It made intraday high at 115.50 and low at 114.87 levels.
Intraday bias remains bearish till the time pair holds key resistance at 117.21 levels.
A daily close above 115.75 will take the parity higher towards key resistances around 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 115.40 will drag the parity down towards key supports around 114.77, 113.98, 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s November current account NSA decreases to 1415.5 bln JPY (forecast 1500.0 bln jpy) vs previous 1719.9 bln JPY.
Japan’s December bank lending y/y increases to 2.6 % vs previous 2.4 %.
