FxWirePro: Japanese yen rises in early Asia after strong economic data, bias remains bearish
USD/JPY is currently trading around 112.16 marks. It made intraday high at 112.31 and low at 112.05 levels. Intraday bias remains bearish till the time pair holds key resistance at 112.58 mark. A daily close above 112.27…
It made intraday high at 112.31 and low at 112.05 levels.
Intraday bias remains bearish till the time pair holds key resistance at 112.58 mark.
A daily close above 112.27 will take the parity higher towards key resistances around 112.98, 113.46, 114.45, 114.73, 115.90, 116.34 and 117.02 levels respectively.
On the other side, a sustained close below 112.27 will drag the parity down towards key supports around 111.66, 110.38, 109.96, 109.36 and 108.34 levels respectively.
Japan Sep 2018 bank lending yy increase to 2.3 % vs previous 2.2 %.
Japan Sep 2018 corp goods price mm increase to 0.3 % (forecast 0.2 %).
Tokyo's nikkei share average opens down 1.97 pct at 23,043.37.
