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 abo…
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.
