FxWirePro: Yen gains against major peers on the back of higher than expected current account data
USD/JPY is currently trading around 102.07 marks. It made intraday high at 102.25 and low at 101.85 levels. Intraday bias remains bullish till the time pair holds key support at 100.87 levels. A daily close above 102.83 …
It made intraday high at 102.25 and low at 101.85 levels.
Intraday bias remains bullish till the time pair holds key support at 100.87 levels.
A daily close above 102.83 will take the parity higher towards key resistances around 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 100.87 will drag the parity down towards key supports at 99.99, 99.27 and 98.78 levels respectively.
Today Japan released current account data with positive numbers. Japan’s Current Account rose to a seasonally adjusted 1.65T from 1.41T in the preceding month.
In addition, Japan’s bank lending rose to 2.1% m/m vs 2.0% m/m previous release.
