FxWirePro: Japanese yen strengthens in early Asia on robust industrial production data, BOJ’s policy rate decision in focus
USD/JPY is currently trading around 108.61 marks. It made intraday high at 108.90 and low at 108.58 levels. Intraday bias remains bearish till the time pair holds key resistance at 108.93 mark. A daily close above 108.93…
It made intraday high at 108.90 and low at 108.58 levels.
Intraday bias remains bearish till the time pair holds key resistance at 108.93 mark.
A daily close above 108.93 will take the parity higher towards key resistances around 109.31, 109.62, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 108.38 will drag the parity down towards key supports around 107.84, 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 0.30 pct higher at 22,908.50 points.
Japan’s industrial production m/m stands at 1.4 pct vs -1.2 pct previous release (expected 0.4).
