FxWirePro: Japanese yen trades almost flat after trade balance data

• USD/JPY is currently trading around 111.53 marks.
   
• It made intraday high at 111.64 and low at 111.47 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 111.89 marks.
   
• A daily close above 111.58 will take the parity higher towards key resistances around 111.89, 112.86, 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 111.58 will drag the parity down towards key supports around 110.99, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan August exports y/y increase to 18.1 % (forecast 14.7 %) vs previous 13.4 %.
   
• Japan August imports y/y decrease to 15.2 % (forecast 11.8 %) vs previous 16.3 %.
   
• Japan August trade balance total yen decrease to 113.6 bln jpy (forecast 93.9 bln jpy) vs previous 418.8 bln jpy.

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