FxWirePro: Japanese yen trades marginally lower as trade balance data misses expectations
USD/JPY is currently trading around 107.78 marks. It made intraday high at 107.89 and low at 107.47 levels. Intraday bias remains slightly bullish till the time pair holds key support at 107.20 mark. A daily close above …
It made intraday high at 107.89 and low at 107.47 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 107.20 mark.
A daily close above 107.91 will take the parity higher towards key resistances around 108.38, 109.18, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 107.20 will drag the parity down towards key supports around 106.15, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s trade balance stands at -0.19T vs 0.48T previous release (expected -0.11T).
Japan’s Nikkei was trading 1.06 pct lower at 19,683.55 points.
