FxWirePro: Yen falls in early hours of Asia despite higher than expected GDP data
USD/JPY is currently trading around 107.28 marks. It made intraday high at 107.38 and low at 106.73 levels. Intraday bias remains bullish till the time pair holds key support at 104.96 levels. A daily close above 106.72 …
It made intraday high at 107.38 and low at 106.73 levels.
Intraday bias remains bullish till the time pair holds key support at 104.96 levels.
A daily close above 106.72 will take the parity higher towards key resistances around 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 106.72 will drag the parity down towards key supports around 106.03, 104.96, 103.75, 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
Japan Q3 GDP Q/Q annualised increases to 2.2 % (forecast 0.9 %) vs previous 0.7 %.
Japan Q3 GDP Q/Q increases to 0.5 % (forecast 0.2 %) vs previous 0.2 %.
Japan Q3 GDP Q/Q increases capital expenditure increase to 0.0 % (forecast 0.1 %) vs previous -0.1 %.
Japan Q3 GDP Q/Q private consumption prelim stays flat at 0.1 % (forecast 0.0 %) vs previous 0.1 % (revised from 0.2 %).
Japan Q3 GDP Q/Q external demand increase to 0.5 % (forecast 0.4 %) vs previous -0.2 % (revised from -0.3 %).
