FxWirePro: Japanese yen trades marginally higher after mixed economic data
USD/JPY is currently trading around 111.97 marks. It made intraday high at 112.94 mark and low at 111.94 levels. Intraday bias remains slightly bearish for the moment. A daily close above 112.08 will take the parity high…
It made intraday high at 112.94 mark and low at 111.94 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 112.08 will take the parity higher towards key resistances around 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 112.08 will drag the parity down towards key supports around 110.22, 109.30, 108.42, 107.84, 106.76 and 105.95 levels respectively.
Japan’s national core CPI stands at 0.8 pct vs 0.7 pct previous release (expected 0.7).
Japan’s flash manufacturing PMI stands at 47.6 vs 48.8 pct previous release.
Japan’s Nikkei was trading 0.16 pct lower at 23,440.50 points.
