FxWirePro: Japanese yen trades marginally lower in early Asia despite higher than expected core machinery orders data
USD/JPY is currently trading around 109.44 marks. It made intraday high at 109.53 and low at 109.28 levels. Intraday bias remains neutral for the moment. A daily close above 109.50 will take the parity higher towards key…
It made intraday high at 109.53 and low at 109.28 levels.
Intraday bias remains neutral for the moment.
A daily close above 109.50 will take the parity higher towards key resistances around 110.22, 111.40, 111.87, 112.56 and 113.44 levels respectively.
On the other side, a sustained close below 109.50 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Japan April machinery orders m/m increase to 10.1 % (forecast 2.8 %) vs previous -3.9 %.
Japan April machinery orders y/y increase to 9.6 % (forecast 3.9 %) vs previous -2.4 %.
Tokyo's Nikkei share average opens down 0.03 pct at 22,686.95.
