FxWirePro: Japanese yen marginally higher in early Asia after mixed economic data from Japan
USD/JPY is currently trading around 111.31 marks. It made intraday high at 111.49 and low at 111.12 levels. Intraday bias remains bearish till the time pair holds key resistance at 112.20 marks. A daily close above 111.3…
It made intraday high at 111.49 and low at 111.12 levels.
Intraday bias remains bearish till the time pair holds key resistance at 112.20 marks.
A daily close above 111.36 will take the parity higher towards key resistances around 112.20, 112.86, 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 111.36 will drag the parity down towards key supports around 110.93, 110.17, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan Q1 tankan big manufacturing index increase to 12 (forecast 14) vs previous 10.
Japan Q1 tankan big non- manufacturing index increase to 20 (forecast 20) vs previous 18.
Japan March Nikkei manufacturing PMI decreases to 52.4 vs previous 52.6.
