FxWirePro: Japanese yen marginally lower in early Asia as Japan’s core machinery orders mark biggest fall in 8 months
USD/JPY is currently trading around 114.83 marks. It made intraday high at 114.89 and low at 114.64 levels. Intraday bias remains bullish till the time pair holds key support at 114.77 marks. A daily close above 114.77 w…
It made intraday high at 114.89 and low at 114.64 levels.
Intraday bias remains bullish till the time pair holds key support at 114.77 marks.
A daily close above 114.77 will take the parity higher towards key resistances around 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 114.77 will drag the parity down towards key supports around 114.33, 113.68, 112.74, 111.91, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s January machinery orders m/m decrease to -3.2 % (forecast 0.5 %) vs previous 6.7 %.
Japan’s January machinery orders y/y decrease to -8.2 % (forecast -3.3 %) vs previous 6.7 %.
Japan’s March corporate goods price m/m decrease to 0.2 % vs previous 0.6 %.
