FxWirePro: Japanese yen marginally lower despite higher than expected capital spending, manufacturing PMI data
USD/JPY is currently trading around 111.01 marks. It made intraday high at 111.04 and low at 110.63 levels. Intraday bias remains slightly bullish till the time pair holds key support at 110.48 marks. A daily close above…
It made intraday high at 111.04 and low at 110.63 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 110.48 marks.
A daily close above 110.75 will take the parity higher towards key resistances around 111.22, 111.84, 112.62, 113.79, 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 110.75 will drag the parity down towards key supports around 110.23, 109.60, 108.32, 106.72, 106.03 and 104.96 levels respectively.
Japan’s Q1 business capex (mof) y/y increase to 4.5 % vs previous 3.8 %.
Japan’s May Nikkei manufacturing PMI increase to 53.1 vs previous 52.0.
