FxWirePro: Japanese yen rises in early Asia despite lower than expected manufacturing PMI data
USD/JPY is currently trading around 105.73 marks. It made intraday high at 106.08 and low at 105.57 levels. Intraday bias remains bearish till the time pair holds key resistane at 106.60 mark. A daily close above 106.04 …
It made intraday high at 106.08 and low at 105.57 levels.
Intraday bias remains bearish till the time pair holds key resistane at 106.60 mark.
A daily close above 106.04 will take the parity higher towards key resistances around 106.60, 107.32, 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 106.04 will drag the parity down towards key supports around 105.25, 104.96 and 103.34 levels respectively.
Japan March Nikkei manufacturing PMI flash decrease to 53.2 vs previous 54.1.
Tokyo's Nikkei share average opens down 0.13 pct at 21,352.16.
