FxWirePro: Japanese yen reverses previous gain despite robust core machinery orders data
USD/JPY is currently trading around 107.52 marks. It made intraday high at 107.56 and low at 105.71 levels. Intraday bias remains bullish for the moment. A daily close above 107.96 will take the parity higher towards key…
It made intraday high at 107.56 and low at 105.71 levels.
Intraday bias remains bullish for the moment.
A daily close above 107.96 will take the parity higher towards key resistances around 109.20, 110.42, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 107.04 will drag the parity down towards key supports around 105.70, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s core machinery orders m/m stands at 2.9 vs -12.5 previous release (expected -1.0 pct).
Japan’s Nikkei was trading 0.30 pct lower at 17,392.55 points.
