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FxWirePro: Japanese yen trades marginally higher after current account, final GDP data

USD/JPY is currently trading around 110.93 marks. It made intraday high at 111.08 and low at 110.88 levels. Intraday bias remains slightly bearish for the moment. A daily close above 111.04 will take the parity higher to…

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FxWirePro: Japanese yen trades marginally higher after current account, final GDP data
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  • USD/JPY is currently trading around 110.93 marks.
     
  • It made intraday high at 111.08 and low at 110.88 levels.
     
  • Intraday bias remains slightly bearish for the moment.
     
  • A daily close above 111.04 will take the parity higher towards key resistances around 111.53, 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
     
  • On the other side, a sustained close below 111.04 will drag the parity down towards key supports around 110.38, 109.96, 109.36 and 108.34 levels respectively.
     
  • Japan July 2018 current account nsa jpy increase to 2009.7 jpy (forecast 1852 jpy) vs previous 1175.6 jpy.
     
  • Japan Q2 2018 GDP revised qq annualised increase to 3 % (forecast 2.6 %) vs previous 1.9 %.
     
  • Japan Q2 2018 GDP revised qq increase to 0.7 % (forecast 0.7 %) vs previous 0.5 %.
     
  • Japan Q2 2018 GDP capex revised qq increase to 3.1 % (forecast 2.8 %) vs previous 1.3 %.
     
  • Tokyo's Nikkei share average opens down 0.24 pct at 22,253.65.

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