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FxWirePro: Japanese yen trades flat after mixed economic data sets

USD/JPY is currently trading around 110.65 marks. It made intraday high at 110.73 and low at 110.52 levels. Intraday bias remains slightly bullish till the time pair holds key support at 110.28 mark. A daily close above …

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FxWirePro: Japanese yen trades flat after mixed economic data sets
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  • USD/JPY is currently trading around 110.65 marks.
     
  • It made intraday high at 110.73 and low at 110.52 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 110.28 mark.
     
  • A daily close above 110.58 will take the parity higher towards key resistances around 110.90, 111.40, 111.87, 112.56 and 113.44 levels respectively.
     
  • On the other side, a sustained close below 110.58 will drag the parity down towards key supports around 110.28, 109.96, 109.36, 108.34, 107.65, 106.98, 106.61 and 105.98 levels respectively.
     
  • Japan May 2018 all household spending yy decrease to -3.9 (forecast -1.5, previous -1.3).
     
  • Japan May 2018 all household spending mm decrease to -0.2 (forecast -0.1, previous -1.6).
     
  • Japan June 2018 foreign reserves at 1258.7 (previous 1254.5).
     
  • Japan May 2018 overtime pay at 1.6 (previous 1.9).
     
  • Tokyo's Nikkei share average opens up 0.47 pct at 21,647.66.

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