FxWirePro: Japanese yen trades marginally higher despite lower than expected household spending data
USD/JPY is currently trading around 108.90 marks. It made intraday high at 109.14 and low at 108.86 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 109.41 mark. A daily close abo…
It made intraday high at 109.14 and low at 108.86 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 109.41 mark.
A daily close above 109.41 will take the parity higher towards key resistances around 109.82, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 109.09 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Tokyo's Nikkei share average opens down 0.12 pct at 22,440.65.
Japan March all household spding y/y decrease to -0.7 % (forecast 1.1 %) vs previous 0.1 %.
Japan March all household spending m/m increase to -0.1 % (forecast 0.7 %) vs previous -1.5 %.
