FxWirePro: Japanese yen trades marginally lower after manufacturing PMI data
USD/JPY is currently trading around 107.81 marks. It made intraday high at 107.88 and low at 107.65 levels. Intraday bias remains neutral till the time pair holds key resistance at 107.90 mark. A daily close above 107.61…
It made intraday high at 107.88 and low at 107.65 levels.
Intraday bias remains neutral till the time pair holds key resistance at 107.90 mark.
A daily close above 107.61 will take the parity higher towards key resistances around 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 107.61 will drag the parity down towards key supports around 107.35, 106.98, 106.61, 105.98, 104.63, 103.34, 102.58 and 101.98 levels respectively.
Japan April nikkei manufacturing PMI flash increase to 53.3 vs previous 53.1.
Tokyo's Nikkei share average opens down 0.02 pct at 22,157.88.