FxWirePro: Japanese yen trades marginally lower despite higher than expected manufacturing PMI data
USD/JPY is currently trading around 109.38 marks. It made intraday high at 109.44 mark and low at 109.24 levels. Intraday bias remains bullish till the time pair holds key support at 108.40 mark. A daily close above 109.…
It made intraday high at 109.44 mark and low at 109.24 levels.
Intraday bias remains bullish till the time pair holds key support at 108.40 mark.
A daily close above 109.52 will take the parity higher towards key resistances around 109.72, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 108.40 will drag the parity down towards key supports around 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
Japan’s Nikkei was trading 0.02 pct lower at 24,023.50 points.
Japan’s flash manufacturing PMI stands at 48.8 vs 48.9 previous release (expected 48.7).
