FxWirePro: Japanese yen trades marginally higher on robust GDP, PPI data
USD/JPY is currently trading around 110.86 marks. It made intraday high at 111.17 and low at 110.85 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 111.52 mark. A daily close abo…
It made intraday high at 111.17 and low at 110.85 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 111.52 mark.
A daily close above 111.40 will take the parity higher towards key resistances around 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
On the other side, a sustained close below 110.95 will drag the parity down towards key supports around 110.58, 110.28, 109.96, 109.36 and 108.34 levels respectively.
Japan Q2 2018 GDP qq increase to 0.5 % (forecast 0.3 %) vs previous -0.2 %.
Japan July 2018 corporate goods price yy increase to 3.1 % (forecast 2.9 %) vs previous 2.8 %.
Tokyo's Nikkei share average opens up 0.04 pct at 22,606.91.
