FxWirePro: Japanese yen trades marginally lower as total cash earnings data misses expectations
USD/JPY is currently trading around 109.89 marks. It made intraday high at 109.94 and low at 109.77 levels. Intraday bias remains neutral till the time pair holds key resistance at 110.00 marks. A daily close above 109.7…
It made intraday high at 109.94 and low at 109.77 levels.
Intraday bias remains neutral till the time pair holds key resistance at 110.00 marks.
A daily close above 109.77 will take the parity higher towards key resistances around 110.10, 111.40, 111.87, 112.56 and 113.44 levels respectively.
On the other side, a sustained close below 109.77 will drag the parity down towards key supports around 109.37, 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Japan April total cash earnings +0.8 pct yr/yr vs previous 2.0 pct.
Japan April inflation-adjusted real wages 0.0 pct yr/yr.
Japan April overtime pay increase to 1.9 % vs previous 1.8 %.
Tokyo's Nikkei share average opens down 0.09 pct at 22,520.31.
