FxWirePro: Japanese yen trades marginally lower after various economic data
USD/JPY is currently trading around 107.44 marks. It made intraday high at 107.56 and low at 107.35 levels. Intraday bias remains bullish till the time pair holds key support at 106.98 mark. A daily close above 107.35 wi…
It made intraday high at 107.56 and low at 107.35 levels.
Intraday bias remains bullish till the time pair holds key support at 106.98 mark.
A daily close above 107.35 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 107.35 will drag the parity down towards key supports around 106.98, 106.61, 105.98, 104.63, 103.34, 102.58 and 101.98 levels respectively.
Japan April Reuters Tankan decrease to 21 vs previous 28.
Japan March CPI, core nationwide yy decrease to 0.9 % (forecast 0.9 %) vs previous 1 %.
Japan March CPI, overall nationwide decrease to 1.1 % vs previous 1.5 %.
Japan March CPI index excluding fresh food stays flat at 100.6 vs previous 100.6.
