FxWirePro: Japanese yen strengthens in early Asia after mixed data from Japan
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 110.9…
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.
