FxWirePro: Japanese yen trades flat after manufacturing PMI data
USD/JPY is currently trading around 107.74 marks. It made intraday high at 107.86 and low at 107.70 levels. Intraday bias remains neutral till the time pair holds key resistance at 107.91 mark. A daily close above 107.91…
It made intraday high at 107.86 and low at 107.70 levels.
Intraday bias remains neutral till the time pair holds key resistance at 107.91 mark.
A daily close above 107.91 will take the parity higher towards key resistances around 108.38, 109.18, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 107.20 will drag the parity down towards key supports around 106.15, 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 43.7 vs 44.8 previous release.
Japan’s Nikkei was trading 0.65 pct higher at 19,289.55 points.
