- 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 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 %).
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