FxWirePro: Japanese yen remains volatile after cash earnings, household spending data
USD/JPY is currently trading around 106.18 marks. It made intraday high at 106.38 and low at 105.52 levels. Intraday bias remains neutral for the moment. A daily close above 105.95 will take the parity higher towards key…
It made intraday high at 106.38 and low at 105.52 levels.
Intraday bias remains neutral for the moment.
A daily close above 105.95 will take the parity higher towards key resistances around 107.85, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 105.95 will drag the parity down towards key supports around 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 1.98 pct lower at 20,307.48 points.
Japan average cash eranings y/y 0.4 vs -0.5 pct previous release.
Japan household spending y/y 2.7 pct vs 4.0 pct previous release (expected 1.3 pct).
