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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 108.46 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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