FxWirePro: US dollar hits 10-day high against yen, rises 2.25 percent to 103.05 yen
USD/JPY is currently trading around 103.03 marks. It made intraday high at 103.19 and low at 102.45 levels. Intraday bias remains bullish till the time pair holds key support at 101.45 marks. A daily close above 103.27 w…
It made intraday high at 103.19 and low at 102.45 levels.
Intraday bias remains bullish till the time pair holds key support at 101.45 marks.
A daily close above 103.27 will take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
On the other side, a sustained break below 101.45 will drag the parity down towards key supports at 100.59, 99.99, 99.27 and 98.78 levels respectively.
Today Japan released PPI data with negative number at -4.2% m/m vs -4.3 m/m previous release.
