FxWirePro: Yen falls against major peers on the back of lower than expected prelim GDP data release
USD/JPY is currently trading around 101.32 marks. It made intraday high at 101.43 and low at 101.10 levels. Intraday bias remains bullish till the time pair holds key support at 100.52 levels. A daily close above 102.38 …
It made intraday high at 101.43 and low at 101.10 levels.
Intraday bias remains bullish till the time pair holds key support at 100.52 levels.
A daily close above 102.38 will take the parity higher towards key resistances around 102.83, 103.39, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 100.52 will drag the parity down towards key supports at 99.99, 99.27 and 98.78 levels respectively.
Japan Q2 GDP Q/Q decrease to 0.0 % (forecast 0.2 %) vs previous 0.5 %.
Japan Q2 GDP Q/Q external demand decrease to -0.3 % (forecast 0.0 %) vs previous 0.1 % (revised from 0.2 %).
