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FxWirePro: Japanese yen remains almost unchanged after current account, final GDP data

USD/JPY is currently trading around 108.51 marks. It made intraday high at 108.55 and low at 108.36 levels. Intraday bias remains neutral till the time pair holds key resistance at 108.78 marks. A daily close above 108.4…

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FxWirePro: Japanese yen remains almost unchanged after current account, final GDP data
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  • USD/JPY is currently trading around 108.51 marks.
     
  • It made intraday high at 108.55 and low at 108.36 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 108.78 marks.
     
  • A daily close above 108.46 will take the parity higher towards key resistances around 109.50, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
     
  • On the other side, a sustained close below 108.06 will drag the parity down towards key supports around 107.65, 106.90, 106.32 and 105.25 levels respectively.
     
  • Japan May 2019 bank lending yy increase to 2.6 % vs prev 2.4 %.
     
  • Japan April 2019 current account nsa jpy decrease to 1707.4 jpy (forecast 1515.5 jpy) vs previous 2847.9 jpy.
     
  • Japan Q1 2019 GDP rev qq annualised increase to 2.2 % (forecast 2.1 %) vs previous 2.1 %.
     
  • Japan Q1 2019 GDP revised qq increase to 0.6 % (forecast 0.5 %) vs previous 0.5 %.
     
  • Japan Q1 2019 GDP cap ex rev qq increase to 0.3 % (forecast 0.5 %) vs previous -0.3 %.

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