FxWirePro: Japanese yen rises in early Asia on robust manufacturing PMI data, hits fresh 5-month high at 108.15 mark
USD/JPY is currently trading around 108.16 marks. It made intraday high at 108.34 and low at 108.15 levels. Intraday bias remains bearish till the time pair holds key resistance at 109.50 marks. A daily close above 108.2…
It made intraday high at 108.34 and low at 108.15 levels.
Intraday bias remains bearish till the time pair holds key resistance at 109.50 marks.
A daily close above 108.28 will take the parity higher towards key resistances around 109.50, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 108.28 will drag the parity down towards key supports around 107.65, 106.90, 106.32 and 105.25 levels respectively.
Japan May 2019 Nikkei manufacturing PMI increase to 49.8 vs previous 49.6.
Japan's Nikkei share average falls below 20,315.31 to hit the lowest level since mid - January.
Japan May final PMI shows export orders contracting at fastest pace in 4 months.
