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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 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 %).
  • Market Data
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