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FxWirePro: Japanese yen remains almost unchanged after services PMI data

USD/JPY is currently trading around 108.41 marks. It made intraday high at 108.62 and low at 108.40 levels. Intraday bias remains neutral for the moment. A daily close above 108.50 will take the parity higher towards key…

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FxWirePro: Japanese yen remains almost unchanged after services PMI data
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  • USD/JPY is currently trading around 108.41 marks.
     
  • It made intraday high at 108.62 and low at 108.40 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 108.50 will take the parity higher towards key resistances around 109.68, 110.47, 112.60 and 113.98 levels respectively.
     
  • On the other side, a sustained close below 107.65 will drag the parity down towards key supports around 105.25, 104.30, 102.10 and 100.50 levels respectively.
     
  • Japan Dec 2018 services PMI decrease to 51 vs previous 52.3.
     
  • Japan Dec composite PMI (manufacturing and services) slips to 52.0 from 52.4 in Nov.
     
  • Tokyo's Nikkei share average opens up 1.96 pct at 19,944.61.

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