FxWirePro: Japanese yen trades slightly higher on robust machinery orders data
USD/JPY is currently trading around 110.40 marks. It made intraday high at 110.49 and low at 110.19 levels. Intraday bias remains bearish till the time pair holds key resistance at 111.18 marks. A daily close above 110.4…
It made intraday high at 110.49 and low at 110.19 levels.
Intraday bias remains bearish till the time pair holds key resistance at 111.18 marks.
A daily close above 110.43 will take the parity higher towards key resistances around 111.18, 111.87, 112.78, 113.75 and 114.17 levels respectively.
On the other side, a sustained close below 110.43 will drag the parity down towards key supports around 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan Nov machinery orders m/m increase to 5.7 % (forecast -1.4 %) vs previous 5 %.
Tokyo's Nikkei share average opens up 0.18 pct at 22,047.95.
