FxWirePro: Yen gains against major peers on the back of higher than expected machinery orders data release
USD/JPY is currently trading around 101.42 marks. It made intraday high at 101.95 and low at 101.25 levels. Intraday bias remains bearish till the time pair holds key resistance at 102.52 levels. A daily close above 102.…
It made intraday high at 101.95 and low at 101.25 levels.
Intraday bias remains bearish till the time pair holds key resistance at 102.52 levels.
A daily close above 102.52 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 100.87 will drag the parity down towards key supports at 99.99, 99.27 and 98.78 levels respectively.
Japan June machinery orders m/m increase to 8.3 % (forecast 3.1 %) vs previous -1.4%.
Japan July corporate goods price m/m increase to 0 % (forecast -0.1 %) vs previous -0.1%.
