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FxWirePro: Japanese yen trades marginally lower after mixed economic data

USD/JPY is currently trading around 112.79 marks. It made intraday high at 112.79 and low at 112.43 levels. Intraday bias remains slightly bullish till the time pair holds key support at 112.21 marks. A daily close above…

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FxWirePro: Japanese yen trades marginally lower after mixed economic data
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  • USD/JPY is currently trading around 112.79 marks.
     
  • It made intraday high at 112.79 and low at 112.43 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 112.21 marks.
     
  • A daily close above 112.46 will take the parity higher towards key resistances around 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 112.21 will drag the parity down towards key supports around 111.47, 110.99, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
     
  • BOJ September Tankan - Big manufacturer’s index +22 (poll: +18).
     
  • Japan Q3 tankan big non - manufacturer’s index stays flat at 23 (forecast 23) vs previous 23.
     
  • Japan Sep Nikkei manufacturing PMI increase to 52.9 vs previous 52.6.
     
  • Tokyo's Nikkei share average opens up 0.22 pct at 20,400.51.

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