FxWirePro: Japanese yen remains volatile in early Asia after core machinery orders, PPI data
USD/JPY is currently trading around 107.62 marks. It made intraday high at 107.77 and low at 107.03 levels. Intraday bias remains slightly bullish till the time pair holds key support at 107.47 mark. A daily close above …
It made intraday high at 107.77 and low at 107.03 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 107.47 mark.
A daily close above 107.47 will take the parity higher towards key resistances around 107.89, 108.47, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 107.47 will drag the parity down towards key supports around 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s bank lending stands at 2.0 pct vs 2.1 pct previous release.
Japan’s core machinery orders m/m stands at -2.4 pct vs -6.6 pct previous release (expected 0.0 pct).
Japan’s PPI stands at -1.1 pct vs -0.9 pct previous release.
Japan’s Nikkei was trading 0.38 pct higher 21,532.50 points.
