FxWirePro: Japanese yen strengthens in early Asia after mixed data from Japan
Wednesday, April 12, 2017 2:14 AM UTC
- USD/JPY is currently trading around 109.52 marks.
- It made intraday high at 109.75 and low at 109.34 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 110.92 marks.
- A daily close above 110.92 will take the parity higher towards key resistances around 111.58, 112.20, 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 110.92 will drag the parity down towards key supports around 106.72, 106.03 and 104.96 levels respectively.
- Japan’s February machinery orders m/m increases to 1.5 % (forecast 2.7 %) vs previous -3.2 %.
- Japan’s March bank lending y/y increases to 3 % vs previous 2.8 %.
- Japan’s March corporate goods price m/m decreases to 0.2 % (forecast 0.2 %) vs previous 0.6 %.
- Dollar falls more than 1 percent vs Japanese yen to 109.60, lowest since mid-November.