FxWirePro: Japanese yen trades marginally lower after manufacturing PMI, capital spending data
USD/JPY is currently trading around 110.10 marks. It made intraday high at 110.14 and low at 109.88 levels. Intraday bias remains slightly bullish till the time pair holds key support at 109.88 marks. A daily close above…
It made intraday high at 110.14 and low at 109.88 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 109.88 marks.
A daily close above 110.00 will take the parity higher towards key resistances around 110.94, 111.47, 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 109.88 will drag the parity down towards key supports around 109.54, 108.13, 107.44, 106.72, 106.03 and 104.96 levels respectively.
Japan August Nikkei manufacturing PMI decrease to 52.2 vs previous 52.8.
Japan Q2 business CAPEX (mof) y/y decrease to 1.5 % vs previous 4.5 %.
Tokyo's nikkei share average opens up 0.44 pct at 19,733.57.
