FxWirePro: Japanese yen trades marginally higher despite lower than expected trade balance data
USD/JPY is currently trading around 110.55 marks. It made intraday high at 110.74 and low at 110.47 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 110.75 mark. A daily close abo…
It made intraday high at 110.74 and low at 110.47 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 110.75 mark.
A daily close above 110.75 will take the parity higher towards key resistances around 111.52, 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
On the other side, a sustained close below 110.75 will drag the parity down towards key supports around 110.28, 109.96, 109.36 and 108.34 levels respectively.
Japan July 2018 trade balance total yen decrease to -231.2 jpy (forecast -50 jpy) vs previous 720.8 jpy (revised from 721.4 jpy).
Japan July 2018 exports yy decrease to 3.9 % (forecast 6.3 %) vs previous 6.7 %.
Japan July 2018 imports yy increase to 14.6 % (forecast 14.4 %) vs previous 2.6 % (revised from 2.5 %).
Tokyo's Nikkei share average opens down 1.01 pct at 21,980.82.
