FxWirePro: Japanese yen rises in early Asia after mixed economic data
USD/JPY is currently trading around 109.90 marks. It made intraday high at 110.02 mark and low at 109.81 levels. Intraday bias remains slightly bearish for the moment. A daily close above 109.98 will take the parity high…
It made intraday high at 110.02 mark and low at 109.81 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 109.98 will take the parity higher towards key resistances around 110.22, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 109.98 will drag the parity down towards key supports around 109.30, 108.42, 107.84, 106.76, 105.95, 104.00 and 102.22 levels respectively.
Japan’s average cash earnings stand at 0.0 pct vs 0.1 pct previous release (expected -0.1).
Japan’s household spending stands at -4.8 pct vs -2.0 pct previous release (expected -1.7).
Japan’s Nikkei was trading 0.24 pct lower at 23,813.20 points.
Japan will release leading indicators data around 0500 GMT.
