FxWirePro: Japanese yen trades marginally lower despite robust manufacturing PMI data
USD/JPY is currently trading around 109.68 marks. It made intraday high at 109.82 and low at 109.51 levels. Intraday bias remains bullish till the time pair holds key support at 109.55 marks. A daily close above 109.55 w…
It made intraday high at 109.82 and low at 109.51 levels.
Intraday bias remains bullish till the time pair holds key support at 109.55 marks.
A daily close above 109.55 will take the parity higher towards key resistances around 109.88, 110.37, 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 109.55 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 August Nikkei manufacturing PMI increase to 52.8 vs previous 52.1.
Tokyo's Nikkei share average opens up 0.84 pct at 19,547.05.
