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FxWirePro: Japanese yen trades almost flat after current account data

USD/JPY is currently trading around 106.86 marks. It made intraday high at 107.03 and low at 106.80 levels. Intraday bias remains bearish till the time pair holds key resistance at 107.49 mark. A daily close above 106.91…

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FxWirePro: Japanese yen trades almost flat after current account data
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  • USD/JPY is currently trading around 106.86 marks.
     
  • It made intraday high at 107.03 and low at 106.80 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 107.49 mark.
     
  • A daily close above 106.91 will take the parity higher towards key resistances around 107.49, 108.64, 110.32, 110.92 and 111.87 levels respectively.
     
  • On the other side, a sustained close below 106.91 will drag the parity down towards key supports around 105.98, 104.63, 103.34, 102.58 and 101.98 levels respectively.
     
  • Japan Feb current account NSA jpy increase to 2076 bln jp (forecast 2160 bln jp) vs previous 607.4 bln jp.
     
  • Tokyo's Nikkei share average opens down 0.15 pct at 21,534.33.

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