FxWirePro: Japanese yen trades marginally higher despite lower than expected GDP, current account data
USD/JPY is currently trading around 112.47 marks. It made intraday high at 112.68 and low at 112.42 levels. Intraday bias remains neutral till the time pair holds immediate resistance at 112.68 mark. A daily close above …
It made intraday high at 112.68 and low at 112.42 levels.
Intraday bias remains neutral till the time pair holds immediate resistance at 112.68 mark.
A daily close above 112.68 will take the parity higher towards key resistances around 113.20, 113.98, 114.45, 114.73, 115.90, 116.34 and 117.02 levels respectively.
On the other side, a sustained close below 112.68 will drag the parity down towards key supports around 112.22, 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
Japan July - Sept revised real GDP -0.6 pct qtr/qtr (prelim -0.3 pct, poll -0.5 pct).
Japan Oct unadjusted current account balance +1,309.9 bln yen-mof (poll: +1384.2 bln yen).
Tokyo's Nikkei share average opens down 1.66 pct at 21,319.47.
