- 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 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.
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