FxWirePro: Japanese yen trades marginally higher after trade balance data
USD/JPY is currently trading around 107.72 marks. It made intraday high at 107.98 and low at 107.71 levels. Intraday bias remains slightly bearish for the moment. A daily close above 107.94 will take the parity higher to…
It made intraday high at 107.98 and low at 107.71 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 107.94 will take the parity higher towards key resistances around 108.53, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 107.94 will drag the parity down towards key supports around 106.62, 105.25 and 104.00 levels respectively.
Japan June trade balance at 589.5B vs -968.3B previous release.
Japan’s adjusted trade balance at -0.01T vs -0.62T previous release.
Japan’s Nikkei was trading 1.11 pct lower at 21,230.50 points.
