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FxWirePro: Japanese yen trades marginally higher in early Asia after unemployment rate numbers, bias remains slightly bearish

  • USD/JPY is currently trading around 109.19 marks.
     
  • It made intraday high at 109.46 and low at 109.13 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 110.10 marks.
     
  • A daily close above 110.10 will take the parity higher towards key resistances around 111.40, 111.87, 112.56 and 113.44 levels respectively.
     
  • On the other side, a sustained close below 109.24 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
     
  • Japan April jobs/applicants ratio stays flat at 1.59 (forecast 1.6 ) vs previous 1.59.
     
  • Japan April unemployment rate stays flat at 2.5 % (forecast 2.5 %) vs previous 2.5 %
    .
  • Tokyo's Nikkei share average opens down 0.22 pct at 22,431.95.

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