FxWirePro: Japanese yen trades marginally lower as manufacturing PMI data fails to match expectations
USD/JPY is currently trading around 112.65 marks. It made intraday high at 112.77 and low at 112.46 levels. Intraday bias remains bullish till the time pair holds key support at 112.05 marks. A daily close above 112.50 w…
It made intraday high at 112.77 and low at 112.46 levels.
Intraday bias remains bullish till the time pair holds key support at 112.05 marks.
A daily close above 112.50 will take the parity higher towards key resistances around 113.75, 114.17, 114.88, 115.50, 117.21 and 118.18 levels respectively.
On the other side, a sustained close below 112.50 will drag the parity down towards key supports around 112.05, 111.73, 111.37, 110.48, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan December Nikkei manufacturing PMI decrease to 54 vs previous 54.2.
Tokyo's Nikkei share average opens up 1.36 pct at 23,073.73.
