FxWirePro: Japanese yen remains almost unchanged after core machinery orders, current account data
USD/JPY is currently trading around 108.75 marks. It made intraday high at 108.87 and low at 108.50 levels. Intraday bias remains neutral till the time pair holds key resistance at 109.18 mark. A daily close above 109.18…
It made intraday high at 108.87 and low at 108.50 levels.
Intraday bias remains neutral till the time pair holds key resistance at 109.18 mark.
A daily close above 109.18 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 108.72 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 core machinery orders stands at 2.3 vs 2.9 previous release (expected -2.9).
Japan’s current account stands at 2.38T vs 1.63T previous release (expected 2.02T).
Japan’s Nikkei was trading 0.20 pct higher at 19,020.50 points.
