FxWirePro: Japanese yen trades marginally higher as cash earnings data matches expectations
USD/JPY is currently trading around 109.44 marks. It made intraday high at 109.71 and low at 109.35 levels. Intraday bias remains neutral for the moment. A daily close above 109.55 will take the parity higher towards key…
It made intraday high at 109.71 and low at 109.35 levels.
Intraday bias remains neutral for the moment.
A daily close above 109.55 will take the parity higher towards key resistances around 110.32, 110.92, 111.87, 112.78, 113.75 and 114.17 levels respectively.
On the other side, a sustained close below 109.55 will drag the parity down towards key supports around 108.50, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan Dec total cash earnings +0.7 pct yr/yr.
Japan Dec inflation-adjusted real wages -0.5 pct yr/yr.
Japan Dec overtime pay decrease to 0.9 % vs previous 2.6 %.
Japan Jan foreign reserves increase to 1268.5 bln us vs previous 1264.3 bln us.
Tokyo's Nikkei share average opens up 1.81 pct at 22,001.29.
