FxWirePro: Japanese yen soars despite lower than expected machinery orders data, hits highest level since November 2016
USD/JPY is currently trading around 106.76 marks. It made intraday high at 107.00 and low at 106.42 levels. Intraday bias remains bearish till the time pair holds key resistance at 107.90 mark. A daily close above 107.00…
It made intraday high at 107.00 and low at 106.42 levels.
Intraday bias remains bearish till the time pair holds key resistance at 107.90 mark.
A daily close above 107.00 will take the parity higher towards key resistances around 107.90, 108.64, 110.32, 110.92, 111.87, 112.78, 113.75 and 114.17 levels respectively.
On the other side, a sustained close below 107.00 will drag the parity down towards key supports around 106.42, 106.03, 104.96 and 103.34 levels respectively.
Japan Dec machinery orders y/y decrease to -5 % (forecast 2.2 %) vs previous 4.1 %.
Japan Dec machinery orders m/m decrease to -11.9 % (forecast -2.3 %) vs previous 5.7 %.
Tokyo's Nikkei share average opens up 1.09 pct at 21,384.10.
