FxWirePro: Japanese yen trades marginally higher despite lower than expected GDP data
USD/JPY is currently trading around 113.25 marks. It made intraday high at 113.49 and low at 113.17 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 113.45 marks. A daily close ab…
It made intraday high at 113.49 and low at 113.17 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 113.45 marks.
A daily close above 113.45 will take the parity higher towards key resistances around 114.17, 114.88, 115.50, 117.21 and 118.18 levels respectively.
On the other side, a sustained close below 113.45 will drag the parity down towards key supports around 112.95, 111.99, 111.47, 110.99, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan Q3 GDP q/q decrease to 0.3 % (forecast 0.3 %) vs previous 0.6 %.
Japan Q3 GDP q/q private consumption prelim decrease to -0.5 % (forecast -0.4 %) vs previous 0.7 % (revised from 0.8 %).
Japan Q3 GDP q/q capital expend decrease to 0.2 % (forecast 0.3 %) vs previous 0.5 %.
