FxWirePro: Japanese yen rises in early Asia on the back of higher than expected core machinery orders data
USD/JPY is currently trading around 110.80 marks. It made intraday high at 111.01 and low at 110.76 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 111.40 mark. A daily close abo…
It made intraday high at 111.01 and low at 110.76 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 111.40 mark.
A daily close above 111.03 will take the parity higher towards key resistances around 111.40, 111.87, 112.56 and 113.44 levels respectively.
On the other side, a sustained close below 110.99 will drag the parity down towards key supports around 110.28, 109.96, 109.36, 108.34, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Japan May machinery orders y/y increase to 16.5 % (forecast 8.6 %) vs previous 9.6 %.
Japan May machinery orders m/m decrease to -3.7 % (forecast -5.5 %) vs previous 10.1 %.
Japan June corp goods price mm decrease to 0.2 % (forecast 0.1 %) vs previous 0.6 %.
Japan June corp goods price yy increase to 2.8 % (forecast 2.8 %) vs previous 2.7 %.
Tokyo's Nikkei share average opens down 0.88 pct at 22,002.14.
