FxWirePro: Yen falls against major peers on the back of lower than expected prelim GDP data release
Monday, August 15, 2016 1:02 AM UTC
- 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 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 %).