FxWirePro: Japanese yen trades marginally lower after trade balance data

• USD/JPY is currently trading around 108.52 marks.
   
• It made intraday high at 108.61 and low at 108.44 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 108.56 marks.
   
• A daily close above 108.56 will take the parity higher towards key resistances around 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
   
• On the other side, a sustained close below 108.06 will drag the parity down towards key supports around 107.65, 105.25 and 104.00 levels respectively.
   
• Japan May 2019 exports yy decrease to -7.8 % (forecast -7.7 %) vs previous -2.4 %.
   
• Japan May 2019 imports yy decrease to -1.5 % (forecast 0.2 %) vs previous 6.5 % (revised from 6.4 %).

Japan May 2019 trade balance total yen decrease to -967.1 jpy (forecast -979.2 jpy) vs previous 56.8 jpy (revised from 60.4 jpy).