FxWirePro: Japanese yen trades marginally higher despite lower than expected core machinery orders data
USD/JPY is currently trading around 108.50 marks. It made intraday high at 108.56 mark and low at 108.45 levels. Intraday bias remains neutral till the time pair holds key support at 108.40 mark. A daily close above 108.…
It made intraday high at 108.56 mark and low at 108.45 levels.
Intraday bias remains neutral till the time pair holds key support at 108.40 mark.
A daily close above 108.86 will take the parity higher towards key resistances around 109.52, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 108.40 will drag the parity down towards key supports around 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
Japan’s Nikkei was trading 0.18 pct higher at 23,419.50 points.
Japan’s core machinery orders stands at -6.0 vs -2.9 previous release (expected 0.7).
