FxWirePro: Japanese yen trades marginally higher after mixed economic data
USD/JPY is currently trading around 113.10 marks. It made intraday high at 113.19 and low at 112.98 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 113.57 marks. A daily close ab…
It made intraday high at 113.19 and low at 112.98 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 113.57 marks.
A daily close above 113.16 will take the parity higher towards key resistances around 113.57, 113.83, 114.10, 114.88, 115.50, 117.21 and 118.18 levels respectively.
On the other side, a sustained close below 113.16 will drag the parity down towards key supports around 112.51, 111.99, 111.47, 110.99, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan Sep unemployment rate stays flat at 2.8 % (forecast 2.8 %) vs previous 2.8 %.
Japan Sep all household spending m/m increase to 0.4 % (forecast 0.1 %) vs previous 0.2 %.
Japan Sep industrial output prelim mm decrease to -1.1 % (forecast -1.5 %) vs previous 2.0 %.
Tokyo's Nikkei share average opens down 0.52 pct at 21,897.29.
