FxWirePro: Japanese yen trades marginally lower in early Asia after various economic data sets, faces immediate support at 109.37 mark
USD/JPY is currently trading around 109.77 marks. It made intraday high at 109.85 and low at 109.60 levels. Intraday bias remains slightly bullish till the time pair holds key support at 109.37 marks. A daily close above…
It made intraday high at 109.85 and low at 109.60 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 109.37 marks.
A daily close above 110.18 will take the parity higher towards key resistances around 111.40, 111.87, 112.56 and 113.44 levels respectively.
On the other side, a sustained close below 109.37 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Japan April current account NSA jpy decrease to 1845.1 bln jp (forecast 2096.5 bln jp) vs previous 3122.3 bln jp.
Japan Q1 GDP revised qq stays flat at -0.2 % (forecast -0.1 %) vs previous -0.2 %.
Japan May bank lending yy decrease to 2 % vs previous 2.1 %.
Tokyo's nikkei share average opens down 0.10 pct at 22,799.38.
