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 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.

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