FxWirePro: Japanese yen trades marginally lower in early Asia after PPI data
USD/JPY is currently trading around 105.35 marks. It made intraday high at 105.46 and low at 105.15 levels. Intraday bias remains neutral till the time pair holds key support at 105.29 mark. A daily close above 105.29 wi…
It made intraday high at 105.46 and low at 105.15 levels.
Intraday bias remains neutral till the time pair holds key support at 105.29 mark.
A daily close above 105.29 will take the parity higher towards key resistances around 106.07, 107.85, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 105.29 will drag the parity down towards key supports around 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 1.25 pct lower at 20,422.48 points.
Japan July PPI mm at 0.0 pct vs -0.5 pct previous release.
Japan July PPI y/y at -0.6 pct vs -0.1 pct previous release.
