FxWirePro: Yen falls in early hours of Asia as Tankan manufacturing index stays flat in Q3
Monday, October 3, 2016 1:13 AM UTC
- USD/JPY is currently trading around 101.34 marks.
- It made intraday high at 101.60 and low at 101.17 levels.
- Intraday bias remains bullish till the time pair holds key support at 100.75 levels.
- A daily close above 101.50 will take the parity higher towards key resistances around 102.65, 103.42, 104.13, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
- On the other side, a sustained break below 100.75 will drag the parity down towards key supports at 100.30, 99.27 and 98.78 levels respectively.
- Japan Q3 Tankan big manufacturing index stays flat at 6 (forecast 7) vs previous 6.
- Japan Q3 tankan big non- manufacturing index decreases to 18 (forecast 18) vs previous 19.
- Japan September Nikkei manufacturing PMI increases to 50.4 vs previous 50.3.