FxWirePro: Japanese yen strengthens in early Asia on robust average cash earnings data
USD/JPY is currently trading around 105.90 marks. It made intraday high at 106.34 and low at 105.83 levels. Intraday bias remains bearish for the moment. A daily close above 106.15 will take the parity higher towards key…
It made intraday high at 106.34 and low at 105.83 levels.
Intraday bias remains bearish for the moment.
A daily close above 106.15 will take the parity higher towards key resistances around 107.52, 109.20, 110.42, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 106.15 will drag the parity down towards key supports around 105.58, 104.00, 103.22 and 101.98 levels respectively.
Japan’s average cash earnings stands at 1.5 pct vs -0.2 pct previous release (expected 0.2).
Japan’s household spending y/y stands at -3.9 pct vs -4.8 pct previous release (expected -3.9 pct).
Japan’s Nikkei was trading 3.22 pct lower at 20,652.50 points.
