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FxWirePro: Japanese yen marginally lower in early Asia as business survey index misses expectations

  • USD/JPY is currently trading around 109.97 marks.
     
  • It made intraday high at 110.01 and low at 109.80 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 110.44 marks.
     
  • A daily close above 109.92 will take the parity higher towards key resistances around 110.44, 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 109.92 will drag the parity down towards key supports around 109.63, 109.11, 108.32, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s Q2 business survey index decrease to -2.9 vs previous 1.1.
     
  • Tokyo's Nikkei share average opens down 0.24 pct at 19,859.81.
  • Market Data
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