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- USD/JPY is currently trading around 108.34 marks.
- It made intraday high at 108.46 and low at 108.14 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 108.50 marks.
- A daily close above 108.50 will take the parity higher towards key resistances around 109.26, 109.83, 110.94, 111.47, 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 108.50 will drag the parity down towards key supports around 108.05, 107.44, 106.72, 106.03 and 104.96 levels respectively.
- Japan August bank lending y/y decrease to 3.2 % vs previous 3.3 %.
- Japan Q3 GDP revised q/q decrease to 0.6 % vs previous 1.0%.
- Japan’s current account surplus hit the biggest amount on record for the month of July.
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