FxWirePro: Japanese yen trades marginally higher on robust trade balance data
USD/JPY is currently trading around 107.17 marks. It made intraday high at 107.70 and low at 107.09 levels. Intraday bias remains slightly bearish for the moment. A daily close above 107.96 will take the parity higher to…
It made intraday high at 107.70 and low at 107.09 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 107.96 will take the parity higher towards key resistances around 109.20, 110.42, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 107.09 will drag the parity down towards key supports around 105.70, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s trade balance stands at 1,109.8B vs -1,313.2B previous release (expected 917.2B).
Japan’s Nikkei was trading 2.05 pct higher at 17,390.44 points.
