FxWirePro: Japanese yen trades flat in early Asia despite lower than expected current account data
USD/JPY is currently trading around 111.42 marks. It made intraday high at 111.43 and low at 111.30 levels. Intraday bias remains neutral for the moment. A daily close above 111.37 will take the parity higher towards key…
It made intraday high at 111.43 and low at 111.30 levels.
Intraday bias remains neutral for the moment.
A daily close above 111.37 will take the parity higher towards key resistances around 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
On the other side, a sustained close below 111.37 will drag the parity down towards key supports around 110.97, 110.58, 110.28, 109.96, 109.36 and 108.34 levels respectively.
Japan June 2018 current account NSA jpy decrease to 1175.6 jpy (forecast 1195.8 jpy) vs previous 1938.3 jpy.
Japan July 2018 bank lending yy decrease to 2 % vs previous 2.2 %.
BOJ summary - Govt welcomes proposals by BOJ's staff to strengthen BOJ's policy framework.
BOJ summary - Govt recognises that steps proposed today are intended to clarify BOJ's intention to continue monetary easing.
Tokyo's nikkei share average opens up 0.02 pct at 22,666.56.
