FxWirePro: Japanese yen trades marginally higher after mixed economic data
USD/JPY is currently trading around 107.02 marks. It made intraday high at 107.25 and low at 106.96 levels. Intraday bias remains bearish till the time pair holds key resistance at 107.49 mark. A daily close above 107.18…
It made intraday high at 107.25 and low at 106.96 levels.
Intraday bias remains bearish till the time pair holds key resistance at 107.49 mark.
A daily close above 107.18 will take the parity higher towards key resistances around 107.49, 108.64, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 107.18 will drag the parity down towards key supports around 106.61, 105.98, 104.63, 103.34, 102.58 and 101.98 levels respectively.
Japan Feb machinery orders m/m decrease to 2.1 % (forecast -2.5 %) vs previous 8.2 %.
Japan March bank lending y/y decrease to 2 % vs prev 2.1 %.
Japan March corp goods price m/m increase to -0.1 % (forecast -0.1 %).
Tokyo's Nikkei share average opens up 0.11 pct at 21,819.09.
