FxWirePro: Japanese yen trades marginally lower despite robust household spending, current account data
USD/JPY is currently trading around 107.32 marks. It made intraday high at 107.40 and low at 107.20 levels. Intraday bias remains neutral till the time pair holds key resistance at 107.50 mark. A daily close above 107.24…
It made intraday high at 107.40 and low at 107.20 levels.
Intraday bias remains neutral till the time pair holds key resistance at 107.50 mark.
A daily close above 107.24 will take the parity higher towards key resistances around 107.89, 108.47, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 107.24 will drag the parity down towards key supports around 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan household spending y/y stands at 1.00 pct vs 0.8 pct previous release.
Japan’s current account stands at 1.72T vs 1.65T previous release
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Japan average cash earnings y/y stands at -0.2 pct vs -1.0 pct previous release.
