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FxWirePro: Japanese yen strengthens in early Asia after mixed economic data

USD/JPY is currently trading around 109.36 marks. It made intraday high at 109.62 and low at 109.22 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 109.62 marks. A daily close ab…

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FxWirePro: Japanese yen strengthens in early Asia after mixed economic data
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  • USD/JPY is currently trading around 109.36 marks.
     
  • It made intraday high at 109.62 and low at 109.22 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 109.62 marks.
     
  • A daily close above 109.62 will take the parity higher towards key resistances around 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
     
  • On the other side, a sustained close below 109.27 will drag the parity down towards key supports around 108.49, 107.65 and 105.25 levels respectively.
     
  • Japan April 2019 unemployment rate decrease to 2.4 % (forecast 2.4 %) vs previous 2.5 %.
     
  • Japan may 2019 CPI, overall Tokyo decrease to 1.1 % vs previous 1.4 %.
     
  • Japan April 2019 industrial output prelim mm sa increase to 0.6 % (forecast 0.2 %) vs previous -0.6 %.
     
  • Japan April 2019 retail sales yy decrease to 0.5 % (forecast 0.8 %) vs previous 1 %.
     
  • Japan's Nikkei share average falls below 20,751.45 to hit the lowest since February.

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