FxWirePro: USD/JPY slips below 102.00 mark; hits lowest level since November 1, 2016
USD/JPY is currently trading around 102.20 marks. It made intraday high at 104.59 and low at 101.57 levels. Intraday bias remains bearish for the moment. A daily close above 104.00 will take the parity lower towards key …
It made intraday high at 104.59 and low at 101.57 levels.
Intraday bias remains bearish for the moment.
A daily close above 104.00 will take the parity lower towards key resistances around 105.25, 107.52, 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 104.00 will drag the parity down towards key supports around 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s current account stands at 1.63T vs 1.85T previous release (expected 1.66T).
Japan’s final GDP q/q stands at -1.8 pct vs -1.6 pct previous release (expected -1.7 pct).
Japan’s Nikkei was trading 5.74 pct lower at 19,550.50 points.
