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FxWirePro: Japanese yen remains almost unchanged despite robust household spending data

  • USD/JPY is currently trading around 107.86 marks.
     
  • It made intraday high at 107.88 and low at 107.76 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 107.90 will take the parity higher towards key resistances around 108.53, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
     
  • On the other side, a sustained close below 107.16 will drag the parity down towards key supports around 106.62, 105.25 and 104.00 levels respectively.
     
  • Japan May household spending m/m at 5.5 pct vs -1.4 pct previous release.
     
  • Tokyo's Nikkei share was trading at flat at 21,702.50 points.
  • Market Data
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