FxWirePro: Japanese yen trades marginally lower as industrial production data misses expectations, BOJ’s policy rate decision in focus
USD/JPY is currently trading around 108.87 marks. It made intraday high at 108.94 and low at 108.77 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 108.94 and low at 108.77 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 107.90 will drag the parity down towards key supports around 107.16, 106.62, 105.25 and 104.00 levels respectively.
Japan June Industrial production m/m at -3.6 pct vs 2.0 pct previous release.
Japan June unemployment rate at 2.3 pct vs 2.4 pct previous release.
Japan’s Nikkei was trading 0.77 pct higher at 21,744.50 points.
