FxWirePro: Japanese yen remains almost unchanged after PPI, bank lending data
USD/JPY is currently trading around 108.49 marks. It made intraday high at 108.58 and low at 108.39 levels. Intraday bias remains neutral till the time pair holds key support at 108.47 mark. A daily close above 108.80 wi…
It made intraday high at 108.58 and low at 108.39 levels.
Intraday bias remains neutral till the time pair holds key support at 108.47 mark.
A daily close above 108.80 will take the parity higher towards key resistances around 109.54, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 108.47 will drag the parity down towards key supports around 108.34, 107.46, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s PPI stands at -0.4 vs 0.8 previous release (expected -0.1).
Japan’s bank lending stands at 2.0 pct vs 2.1 pct previous release (expected 2.1 pct).
