FxWirePro: USD/JPY opens gap down at 107.38 mark; hits lowest level since October 10, 2019
USD/JPY is currently trading around 107.98 marks. It made intraday high at 108.04 and low at 107.36 levels. Intraday bias remains neutral for the moment. A daily close above 108.07 will take the parity higher towards key…
It made intraday high at 108.04 and low at 107.36 levels.
Intraday bias remains neutral for the moment.
A daily close above 108.07 will take the parity higher towards key resistances around 109.20, 110.42, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 108.07 will drag the parity down towards key supports around 107.36, 106.76, 105.95 and 104.00 levels respectively.
Japan’s manufacturing PMI stands at 47.8 pct vs 47.6 pct previous release (expected 47.6).
Japan’s capital spending stands at -3.5 pct vs 7.1 pct previous release (expected -2.5 pct).
Japan’s Nikkei was trading 0.30 pct higher at 21,205.55 points.
