FxWirePro: Japanese yen rises in early Asia despite lower than expected BSI manufacturing index, PPI data
USD/JPY is currently trading around 103.62 marks. It made intraday high at 104.80 and low at 103.33 levels. Intraday bias remains bearish for the moment. A daily close above 104.51 will take the parity lower towards key …
It made intraday high at 104.80 and low at 103.33 levels.
Intraday bias remains bearish for the moment.
A daily close above 104.51 will take the parity lower towards key resistances around 105.63, 107.52, 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 104.51 will drag the parity down towards key supports around 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s PPI data stands at 0.8 vs 1.5 previous release (expected 1.1 pct).
Japan’s BSI manufacturing index stands at -17.2 pct vs -7.8 pct previous release (expected -10.2 pct).
Japan’s Nikkei was trading 5.54 pct lower at 18,400.50 points.
