FxWirePro: Japanese yen trades marginally higher after industrial production, CPI data
USD/JPY is currently trading around 107.67 marks. It made intraday high at 107.82 and low at 107.63 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 108.16 marks. A daily close ab…
It made intraday high at 107.82 and low at 107.63 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 108.16 marks.
A daily close above 107.77 will take the parity higher towards key resistances around 108.14, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 107.77 will drag the parity down towards key supports around 107.10, 106.62, 105.25 and 104.00 levels respectively.
Japan May 2019 unemployment rate stays flat at 2.4 % (forecast 2.4 %) vs previous 2.4 %.
Japan June 2019 CPI, overall tokyo stays flat at 1.1 % vs previous 1.1 %.
Japan May 2019 industrial output prelim mm sa increase to 2.3 % (forecast 0.7 %) vs previous 0.6 %.
Tokyo's Nikkei share average opens down 0.26 pct at 21,282.22.
