- USD/JPY is currently trading around 110.07 marks.
- It made intraday high at 110.17 and low at 109.87 levels.
- Intraday bias remains neutral till the time pair holds key support at 110.05 marks.
- A daily close above 110.05 will take the parity higher towards key resistances around 110.36, 110.82, 112.07, 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 110.05 will drag the parity down towards key supports around 109.55, 108.32, 106.72, 106.03 and 104.96 levels respectively.
- Japan July corporate goods price m/m increase to 0.3 % (forecast 0.2 %) vs previous 0.0 %.
- Japan June machinery orders m/m increase to -1.9 % (forecast 3.7 %) vs previous -3.6 %.
- Japan June machinery orders y/y decrease to -5.2 % (forecast -1 %) vs previous 0.6 %.
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