FxWirePro: Japanese yen trades marginally higher despite lower than expected flash manufacturing PMI data
USD/JPY is currently trading around 110.14 marks. It made intraday high at 110.35 and low at 110.13 levels. Intraday bias remains bearish till the time pair holds key resistance at 110.70 marks. A daily close above 110.4…
It made intraday high at 110.35 and low at 110.13 levels.
Intraday bias remains bearish till the time pair holds key resistance at 110.70 marks.
A daily close above 110.49 will take the parity higher towards key resistances around 110.95, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 110.35 will drag the parity down towards key supports around 110.00, 109.42, 108.49, 107.65 and 105.25 levels respectively.
Japan May 2019 Nikkei manufacturing PMI flash decrease to 49.6 vs previous 50.2.
Tokyo's Nikkei share average opens down 0.48 pct at 21,180.24.
