FxWirePro: Japanese yen trades marginally lower as manufacturing PMI data misses expectations
USD/JPY is currently trading around 107.48 marks. It made intraday high at 107.49 and low at 107.27 levels. Intraday bias remains bullish till the time pair holds key support at 106.55 mark. A daily close above 107.32 wi…
It made intraday high at 107.49 and low at 107.27 levels.
Intraday bias remains bullish till the time pair holds key support at 106.55 mark.
A daily close above 107.32 will take the parity higher towards key resistances around 107.90, 108.64, 110.32, 110.92, 111.87, 112.78, 113.75 and 114.17 levels respectively.
On the other side, a sustained close below 107.32 will drag the parity down towards key supports around 106.55, 105.55, 104.96 and 103.34 levels respectively.
Tokyo's Nikkei share average opens up 0.08 pct at 21,942.42.
Japan Feb Nikkei manufacturing PMI flash decrease to 54 vs previous 54.8.
