FxWirePro: USD/JPY hits fresh 10-month high at 114.82 in early hours of Asia, bias remains bullish
Thursday, December 1, 2016 1:11 AM UTC
- 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 %.