FxWirePro: Japanese yen strengthens in early Asia on the back of higher than expected machinery orders data
USD/JPY is currently trading around 112.32 marks. It made intraday high at 112.46 and low at 112.22 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 112.82 marks. A daily close ab…
It made intraday high at 112.46 and low at 112.22 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 112.82 marks.
A daily close above 112.43 will take the parity higher towards key resistances around 112.82, 113.57, 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 112.43 will drag the parity down towards key supports around 111.99, 111.47, 110.99, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan August machinery orders m/m decrease to 3.4 % (forecast 1.1 %) vs previous 8 %.
Japan August machinery orders y/y increase to 4.4 % (forecast 0.8 %) vs previous -7.5 %.
Tokyo's Nikkei share average opens down 0.10 pct at 20,803.71.
