FxWirePro: Japanese yen trades marginally higher after prelim GDP data
USD/JPY is currently trading around 105.95 marks. It made intraday high at 106.07 and low at 105.71 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 106.45 mark. A daily close abo…
It made intraday high at 106.07 and low at 105.71 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 106.45 mark.
A daily close above 106.45 will take the parity higher towards key resistances around 107.85, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 105.95 will drag the parity down towards key supports around 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 0.63 pct higher at 20,724.48 points.
Japan prelim GDP data q/q at 0.4 pct vs 0.6 pct previous release.
