FxWirePro: Japanese yen marginally lower in early Asia as business survey index misses expectations
Tuesday, June 13, 2017 12:59 AM UTC
- 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.