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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 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.

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