FxWirePro: Japanese yen trades marginally higher in early Asia on robust PPI data
USD/JPY is currently trading around 109.96 marks. It made intraday high at 110.09 mark and low at 109.80 levels. Intraday bias remains slightly bearish for the moment. A daily close above 110.22 will take the parity high…
It made intraday high at 110.09 mark and low at 109.80 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 110.22 will take the parity higher towards key resistances around 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 109.75 will drag the parity down towards key supports around 109.30, 108.42, 107.84, 106.76, 105.95, 104.00 and 102.22 levels respectively.
Japan’s PPI y/y stands at 1.7 pct vs 0.9 pct previous release (expected 1.5).
Japan’s Nikkei was trading 0.06 pct higher at 23,876.20 points.
