FxWirePro: Japanese yen remains unchanged after trade balance data, faces immediate support at 112.27 mark
USD/JPY is currently trading around 112.71 marks. It made intraday high at 112.88 and low at 112.67 levels. Intraday bias remains neutral till the time pair holds key resistance at 112.83 mark. A daily close above 112.83…
It made intraday high at 112.88 and low at 112.67 levels.
Intraday bias remains neutral till the time pair holds key resistance at 112.83 mark.
A daily close above 112.83 will take the parity higher towards key resistances around 113.44, 114.72, 115.62 and 117.20 levels respectively.
On the other side, a sustained close below 112.83 will drag the parity down towards key supports around 112.27, 110.82, 110.28, 109.96, 109.36 and 108.34 levels respectively.
Japan June 2018 trade balance total yen increase to 721.4 bln.
Tokyo's Nikkei share average opens up 0.34 pct at 22,871.62.
