FxWirePro: Japanese yen trades marginally lower as PPI data misses expectations
USD/JPY is currently trading around 108.98 marks. It made intraday high at 108.98 and low at 108.83 levels. Intraday bias remains slightly bullish for the moment. A daily close above 108.85 will take the parity higher to…
It made intraday high at 108.98 and low at 108.83 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 108.85 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 108.85 will drag the parity down towards key supports around 108.28, 106.62, 105.25 and 104.00 levels respectively.
Japan June PPI data at -0.5 pct m/m vs -0.1% previous release.
Japan June PPI data at -0.1 pct y/y vs 0.6 pct previous release.
Japan’s Nikkei was trading 0.10 pct higher at 21,559.45 points.
