FxWirePro: Japanese yen trades marginally lower as consumer confidence data misses expectations
USD/JPY is currently trading around 107.83 marks. It made intraday high at 107.89 and low at 107.64 levels. Intraday bias remains bullish till the time pair holds key support at 107.72 mark. A daily close above 107.72 wi…
It made intraday high at 107.89 and low at 107.64 levels.
Intraday bias remains bullish till the time pair holds key support at 107.72 mark.
A daily close above 107.72 will take the parity higher towards key resistances around 108.47, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 107.72 will drag the parity down towards key supports around 107.04, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively
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Japan consumer confidence data stands at 35.6 pct vs 37.1 pct previous release (expected 38.2).
