FxWirePro: Japanese yen rises in early Asia despite lower than expected core machinery orders data
USD/JPY is currently trading around 110.83 marks. It made intraday high at 111.00 and low at 110.75 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 111.52 mark. A daily close abo…
It made intraday high at 111.00 and low at 110.75 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 111.52 mark.
A daily close above 110.95 will take the parity higher towards key resistances around 111.52, 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
On the other side, a sustained close below 110.95 will drag the parity down towards key supports around 110.58, 110.28, 109.96, 109.36 and 108.34 levels respectively.
Japan June 2018 machinery orders mm decrease to -8.8 % (forecast -1.3 %) vs previous -3.7 %.
Japan June 2018 machinery orders yy decrease to 0.3 % (forecast 9.5 %) vs previous 16.5 %.
Tokyo's Nikkei share average opens down 0.23 pct at 22,591.54.
