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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 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.

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