FxWirePro: Japanese yen marginally lower despite higher than expected core machinery orders data
USD/JPY is currently trading around 112.11 marks. It made intraday high at 112.13 and low at 111.73 levels. Intraday bias remains neutral for the moment. A daily close above 111.93 will take the parity higher towards key…
It made intraday high at 112.13 and low at 111.73 levels.
Intraday bias remains neutral for the moment.
A daily close above 111.93 will take the parity higher towards key resistances around 112.54, 113.48, 113.96, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 111.93 will drag the parity down towards key supports around 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s December machinery orders m/m increases to 6.7 % (forecast 3.1 %) vs previous -5.1 %.
