FxWirePro: Japanese yen rises in early Asia on the back of higher than expected trade balance data
USD/JPY is currently trading around 112.70 marks. It made intraday high at 112.83 and low at 112.49 levels. Intraday bias remains neutral till the time pair holds key support at 112.03 marks. A daily close above 112.58 w…
It made intraday high at 112.83 and low at 112.49 levels.
Intraday bias remains neutral till the time pair holds key support at 112.03 marks.
A daily close above 112.58 will take the parity higher towards key resistances around 112.89, 113.54, 114.17, 114.88, 115.50, 117.21 and 118.18 levels respectively.
On the other side, a sustained close below 112.58 will drag the parity down towards key supports around 112.03, 111.73, 111.37, 110.48, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan Nov 2017 trade balance total yen decrease to 113.4 bln jpy (forecast -54.9 bln jpy) vs previous 284.6 bln jpy (revised from 285.4 bln jpy).
Japan Nov 2017 imports y/y decrease to 17.2 % (forecast 18 %) vs previous 18.9 %.
Japan Nov 2017 exports y/y increase to 16.2 % (forecast 14.6 %) vs previous 14 %.
Tokyo's Nikkei share average opens up 0.96 pct at 22,770.44.
