FxWirePro: Japanese yen remains almost unchanged after prelim GDP data
USD/JPY is currently trading around 109.82 marks. It made intraday high at 109.84 mark and low at 109.71 levels. Intraday bias remains slightly bearish for the moment. A daily close above 110.09 will take the parity high…
It made intraday high at 109.84 mark and low at 109.71 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 110.09 will take the parity higher towards key resistances around 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 109.75 will drag the parity down towards key supports around 109.30, 108.42, 107.84, 106.76 and 105.95 levels respectively.
Japan’s prelim GDP price index stands at 1.3 pct vs 0.6 pct previous release (expected 1.1).
Japan’s prelim GDP q/q stands at -1.6 pct vs 0.4 pct previous release (expected -1.0).
Japan’s Nikkei was trading 0.58 pct lower at 23,550.20 points.
