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FxWirePro: USD/JPY consolidates around 112.58 mark as Japan’s manufacturing PMI fails to meet expectations

Thursday, November 24, 2016 1:40 AM UTC

USD/JPY is currently trading around 112.58 marks.
It made intraday high at 112.75 and low at 112.35 levels.
Intraday bias remains neutral till the time pair holds key support at 112.58 levels.
A daily close above 112.58 will take the parity higher towards key resistances around 114.55, 115.32 and 117.25 levels respectively.
On the other side, a sustained break below 112.58 will drag the parity down towards key supports around 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s November Nikkei manufacturing PMI flash decreases to 51.1 vs previous 51.4.

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FxWirePro: USD/JPY consolidates around 112.58 mark as Japan’s manufacturing PMI fails to meet expectations

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