FxWirePro: Japanese yen trades marginally higher despite lower than expected flash manufacturing PMI data
Tuesday, July 24, 2018 1:33 AM UTC
- USD/JPY is currently trading around 111.13 marks.
- It made intraday high at 111.51 and low at 111.06 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 111.54 mark.
- A daily close above 111.33 will take the parity higher towards key resistances around 112.62, 113.20, 114.73 and 115.90 levels respectively.
- On the other side, a sustained close below 111.33 will drag the parity down towards key supports around 110.28, 109.96, 109.36 and 108.34 levels respectively.
- Japan July flash manufacturing PMI falls to over 1-1/2-year low at 51.6 from final 53.0 in June.
- Tokyo's Nikkei share average opens up 0.71 pct at 22,555.05.