FxWirePro: Japanese yen marginally higher in Asia on robust GDP data
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 113.9…
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.
