FxWirePro: Japanese yen strengthens on the back of higher than expected manufacturing PMI data; Japan’s core CPI data in focus
USD/JPY is currently trading around 110.20 marks. It made intraday high at 111.32 and low at 110.08 levels. Intraday bias remains bearish for the moment. A daily close above 111.20 will take the parity higher towards key…
It made intraday high at 111.32 and low at 110.08 levels.
Intraday bias remains bearish for the moment.
A daily close above 111.20 will take the parity higher towards key resistances around 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 111.20 will drag the parity down towards key supports around 109.32, 107.00, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s manufacturing PMI stands at 44.8 pct vs 47.8 pct previous release (expected 42.1 pct).
Japan’s Nikkei was trading 6.50 pct higher at 18,007.50 points.
