FxWirePro: Japanese yen trades marginally higher after trade balance data, BOJ’s policy rate decision in focus
USD/JPY is currently trading around 112.26 marks. It made intraday high at 112.38 and low at 112.23 levels. Intraday bias remains neutral for the moment. A daily close above 112.35 will take the parity higher towards key…
It made intraday high at 112.38 and low at 112.23 levels.
Intraday bias remains neutral for the moment.
A daily close above 112.35 will take the parity higher towards key resistances around 112.62, 113.20, 114.73 and 115.90 levels respectively.
On the other side, a sustained close below 112.35 will drag the parity down towards key supports around 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
Tokyo's Nikkei share average opens up 1.43 pct at 23,754.96.
Japan Aug 2018 exports yy increase to 6.6 % (forecast 5.6 %) vs previous 3.9 %.
Japan Aug 2018 imports yy increase to 15.4 % (forecast 14.9 %) vs previous 14.6 %.
Japan Aug 2018 trade balance total yen decrease to -444.6 jpy (forecast -468.7 jpy) vs previous -231.9 jpy (revised from -231.2 jpy).
