FxWirePro: Japanese yen trades marginally lower despite robust trade balance data
USD/JPY is currently trading around 107.19 marks. It made intraday high at 107.20 and low at 106.98 levels. Intraday bias remains slightly bullish till the time pair holds key support at 106.99 mark. A daily close above …
It made intraday high at 107.20 and low at 106.98 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 106.99 mark.
A daily close above 106.99 will take the parity higher towards key resistances around 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 106.99 will drag the parity down towards key supports around 106.61, 105.98, 104.63, 103.34, 102.58 and 101.98 levels respectively.
Japan March exports y/y increase to 2.1 % (forecast 4.7 %) vs previous 1.8 %.
Japan March imports y/y decrease to -0.6 % (forecast 5.4 %) vs previous 16.6 % (revised from 16.5 %).
Japan March trade balance total yen increase to 797.3 bln jp (forecast 498.3 bln jp) vs previous 2.6 bln jp (revised from 3.4 bln jp).
Tokyo's Nikkei share average opens up 0.37 pct at 21,929.01.
