FxWirePro: Japanese yen marginally lower despite higher than expected manufacturing PMI data
USD/JPY is currently trading around 112.80 marks. It made intraday high at 112.93 and low at 112.52 levels. Intraday bias remains neutral till the time pair holds key support at 112.57 levels. A daily close above 112.57 …
It made intraday high at 112.93 and low at 112.52 levels.
Intraday bias remains neutral till the time pair holds key support at 112.57 levels.
A daily close above 112.57 will take the parity higher towards key resistances around 114.42, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 112.57 will drag the parity down towards key supports around 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s Nikkei manufacturing PMI increases to 52.8 vs previous 52.4.
Japan’s January new export orders rise at quickest pace in over a year.
