FxWirePro: Japanese yen trades marginally lower despite real GDP rises at fastest pace since Jan - March 2015
USD/JPY is currently trading around 109.42 marks. It made intraday high at 109.44 and low at 109.03 levels. Intraday bias remains bullish till the time pair holds key support at 109.17 marks. A daily close above 109.17 w…
It made intraday high at 109.44 and low at 109.03 levels.
Intraday bias remains bullish till the time pair holds key support at 109.17 marks.
A daily close above 109.17 will take the parity higher towards key resistances around 109.88, 110.36, 110.82, 112.07, 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 109.17 will drag the parity down towards key supports around 108.72, 108.13, 107.44, 106.72, 106.03 and 104.96 levels respectively.
Japan Q2 GDP Q/Q increase to 1 % (forecast 0.6 %) vs previous 0.4 % (revised from 0.3 %).
Japan Q2 GDP Q/Q annualised increase to 4 % (forecast 2.5 %) vs previous 1.5 % (revised from 1.0 %).
Japan Q2 GDP Q/Q private consumption prelim increase to 0.9 % (forecast 0.5 %) vs previous 0.4 % (revised from 0.3 %).
Japan Q2 GDP Q/Q capital expenditure increase to 2.4 % (forecast 1.2 %) vs previous 0.9 % (revised from 0.6 %).
