FxWirePro: Japanese yen trades marginally lower after bank lending, current account data
USD/JPY is currently trading around 109.75 marks. It made intraday high at 109.78 mark and low at 109.56 levels. Intraday bias remains slightly bullish for the moment. A daily close above 109.75 will take the parity high…
It made intraday high at 109.78 mark and low at 109.56 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 109.75 will take the parity higher towards key resistances around 110.22, 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 bank lending y/y stands at 1.9 pct vs 1.8 pct previous release (expected 1.7).
Japan’s current account stands at 1.71T pct vs 1.79T pct previous release (expected 1.68T).
Japan’s Nikkei was trading 0.35 pct lower at 23,745.20 points.
