FxWirePro: Japanese yen trades marginally lower despite robust Services Producer Price Index data
USD/JPY is currently trading around 110.95 marks. It made intraday high at 111.04 and low at 110.63 levels. Intraday bias remains slightly bullish for the moment. A daily close above 110.70 will take the parity higher to…
It made intraday high at 111.04 and low at 110.63 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 110.70 will take the parity higher towards key resistances around 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 110.70 will drag the parity down towards key supports around 110.22, 109.30, 108.42, 107.84, 106.76 and 105.95 levels respectively.
Japan’s SPPI data stands at 2.3 pct vs 2.1 pct previous release (expected 2.1).
Japan’s Nikkei was trading 2.90 pct lower at 22,707.50 points.
