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FxWirePro: Japanese yen trades marginally higher despite lower than expected flash manufacturing PMI data

  • 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.
  • Market Data
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