FxWirePro: Japanese yen remains volatile after cash earnings, household spending data
USD/JPY is currently trading around 109.23 marks. It made intraday high at 109.40 mark and low at 109.23 levels. Intraday bias remains neutral till the time pair holds key resistance at 109.28 mark. A daily close above 1…
It made intraday high at 109.40 mark and low at 109.23 levels.
Intraday bias remains neutral till the time pair holds key resistance at 109.28 mark.
A daily close above 109.28 will take the parity higher towards key resistances around 109.62, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 109.28 will drag the parity down towards key supports around 108.53, 107.84, 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 0.35 pct higher at 23,417.50 points.
Japan’s average cash earnings stands at 0.8 pct vs -0.1 pct previous release (expected 0.1).
Japan’s household spending stands at 9.5 pct vs 1.0 pct previous release (expected 7.1).
