FxWirePro: Japanese yen trades marginally higher despite lower than expected trade balance data
USD/JPY is currently trading around 112.48 marks. It made intraday high at 112.60 and low at 112.19 levels. Intraday bias remains slightly bearish for the moment. A daily close above 112.51 will take the parity higher to…
It made intraday high at 112.60 and low at 112.19 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 112.51 will take the parity higher towards key resistances around 112.85, 113.98, 114.45, 114.73, 115.90, 116.34 and 117.02 levels respectively.
On the other side, a sustained close below 112.51 will drag the parity down towards key supports around 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
Japan Nov 2018 exports yy decrease to 0.1 % (forecast 1.8 %) vs previous 8.2 %.
Japan Nov 2018 imports yy decrease to 12.5 % (forecast 11.5 %) vs previous 19.9 %.
Japan Nov 2018 trade balance total yen decrease to -737.3 jpy (forecast -600.3 jpy) vs previous -450.1 jpy (revised from -449.3 jpy).
Japan's Nikkei share average falls below 20,971.93 to hit lowest since late March.
