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FxWirePro: USD/JPY hits fresh 10-month high at 114.82 in early hours of Asia, bias remains bullish

  • USD/JPY is currently trading around 114.42 marks.
     
  • It made intraday high at 114.82 and low at 114.27 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 112.05 levels.
     
  • A daily close above 114.42 will take the parity higher towards key resistances around 115.32, 116.78 and 117.25 levels respectively.
     
  • On the other side, a sustained close below 114.42 will drag the parity down towards key supports around 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s November Nikkei manufacturing PMI increases to 51.3 vs previous 51.1.
     
  • Japan’s Q3 business CAPEX y/y decreases to -1.3 % vs previous 3.1 %.
  • Market Data
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