FxWirePro: Japanese yen trades marginally higher after mixed economic data
USD/JPY is currently trading around 107.15 marks. It made intraday high at 107.43 and low at 106.00 levels. Intraday bias remains bearish till the time pair holds key resistance at 107.49 mark. A daily close above 107.37…
It made intraday high at 107.43 and low at 106.00 levels.
Intraday bias remains bearish till the time pair holds key resistance at 107.49 mark.
A daily close above 107.37 will take the parity higher towards key resistances around 107.77, 108.64, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 107.37 will drag the parity down towards key supports around 106.70, 105.98, 104.63, 103.34, 102.58 and 101.98 levels respectively.
Japan Feb all household spding y/y decrease to -0.9 % (forecast 0.3 %) vs previous 2 %.
Japan Feb all household spending m/m decrease to -1.5 % (forecast -0.6 %) vs previous 2.7 %.
Japan March foreign reserves increase to 1268.3 bln us vs previous 1261.7 bln us.
Japan Feb overtime pay increase to 1 %.
Tokyo's nikkei share average opens down 0.05 pct at 21,633.73.
