FxWirePro: Japanese yen trades marginally higher on robust Tankan manufacturing index
USD/JPY is currently trading around 112.27 marks. It made intraday high at 112.40 and low at 112.23 levels. Intraday bias remains bearish till the time pair holds key resistance at 112.89 marks. A daily close above 112.3…
It made intraday high at 112.40 and low at 112.23 levels.
Intraday bias remains bearish till the time pair holds key resistance at 112.89 marks.
A daily close above 112.38 will take the parity higher towards key resistances around 112.89, 113.54, 114.17, 114.88, 115.50, 117.21 and 118.18 levels respectively.
On the other side, a sustained close below 112.38 will drag the parity down towards key supports around 111.73, 111.37, 110.48, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan Q4 2017 tankan big manufacturing index increase to 25 (forecast 24) vs previous 22.
Japan Q4 2017 tankan big non - manufacturing index stays flat at 23 (forecast 23) vs previous 23.
Tokyo's Nikkei share average opens down 0.32 pct at 22,621.36.
