FxWirePro: Japanese yen marginally higher in Asia on robust GDP data
Wednesday, March 8, 2017 1:13 AM UTC
- USD/JPY is currently trading around 113.87 marks.
- It made intraday high at 114.01 and low at 113.83 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 114.59 marks.
- A daily close above 113.97 will take the parity higher towards key resistances around 114.74, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 113.97 will drag the parity down towards key supports around 112.74, 111.91, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
- Japan’s Q4 GDP revised q/q increase to 0.3 % (forecast 0.4 %) vs previous 0.2 %.
- Japan’s February bank lending y/y increase to 2.8 % vs previous 2.5 %.
- Japan’s Q4 GDP q/q private consumption revised stays flat at 0.0 % vs previous 0.0 %.
- Japan’s January current account decreases to 65.5 bln jpy (forecast 239.0 bln jpy) vs previous 1112.2 bln jpy.