FxWirePro: Japanese yen trades marginally higher after mixed economic data
USD/JPY is currently trading around 106.29 marks. It made intraday high at 106.53 and low at 106.22 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 107.02 mark. A daily close abo…
It made intraday high at 106.53 and low at 106.22 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 107.02 mark.
A daily close above 106.41 will take the parity higher towards key resistances around 107.02, 107.77, 108.64, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 106.41 will drag the parity down towards key supports around 105.32, 104.63, 103.34, 102.58 and 101.98 levels respectively.
Japan March CPI core tokyo y/y decrease to 0.8 % (forecast 0.9 %) vs previous 0.9 %.
Japan Feb unemployment rate increase to 2.5 % (forecast 2.6 %) vs previous 2.4 %.
Japan March CPI, overall tokyo decrease to 1 % vs previous 1.4 %.
Japan Feb industrial output prelim m/m increase to 4.1 % (forecast 5 %) vs previous -6.8 %.
Tokyo's Nikkei share average opens up 1.10 pct at 21,392.42.
