FxWirePro: Japanese yen trades marginally lower after trade balance data, BOJ’s policy rate decision in focus
USD/JPY is currently trading around 109.65 marks. It made intraday high at 109.69 and low at 109.32 levels. Intraday bias remains neutral for the moment. A daily close above 109.76 will take the parity higher towards key…
It made intraday high at 109.69 and low at 109.32 levels.
Intraday bias remains neutral for the moment.
A daily close above 109.76 will take the parity higher towards key resistances around 110.47, 112.60 and 113.98 levels respectively.
On the other side, a sustained close below 108.87 will drag the parity down towards key supports around 107.65, 105.25, 104.30, 102.10 and 100.50 levels respectively.
Japan Dec 2018 trade balance total yen increase to -55.3 jpy (forecast -29.5 jpy) vs previous -737.7 jpy.
Japan Dec 2018 imports yy decrease to 1.9 % (forecast 3.7 %) vs previous 12.5 %.
Japan Dec 2018 exports yy decrease to -3.8 % (forecast -1.9 %) vs prev 0.1 %.
