FxWirePro: Japanese yen trades marginally lower as average cash earnings, household spending data miss expectations
USD/JPY is currently trading around 107.08 marks. It made intraday high at 107.10 and low at 106.88 levels. Intraday bias remains slightly bullish for the moment. A daily close above 106.92 will take the parity higher to…
It made intraday high at 107.10 and low at 106.88 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 106.92 will take the parity higher towards key resistances around 107.85, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 106.92 will drag the parity down towards key supports around 106.32, 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 0.43 pct higher at 21,213.48 points.
Japan average cash earnings y/y stands at -0.3 pct vs 0.4 pct previous release.
Japan household spending y/y stands at 0.8 pct vs 2.7 pct previous release.
