Japanese yen remains almost unchanged after core machinery orders, PPI data
USD/JPY is currently trading around 109.90 marks. It made intraday high at 109.99 mark and low at 109.85 levels. Intraday bias remains neutral for the moment. A daily close above 109.98 will take the parity higher toward…
It made intraday high at 109.99 mark and low at 109.85 levels.
Intraday bias remains neutral for the moment.
A daily close above 109.98 will take the parity higher towards key resistances around 110.22, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 109.62 will drag the parity down towards key supports around 109.02, 107.77, 106.76, 105.95, 104.00 and 102.22 levels respectively.
Japan’s Nikkei was trading 0.04 pct higher at 23,920.50 points.
Japan’s core machinery orders stands at 18.0 pct vs -6.0 pct previous release (expected 3.1).
Japan’s PPI stands at 0.9 pct vs 0.1 pct previous release (expected 0.9).
