FxWirePro: Yen gains despite lower than expected capital spending, final manufacturing PMI data release
USD/JPY is currently trading around 103.18 marks. It made intraday high at 103.43 and low at 103.17 levels. Intraday bias remains bearish till the time pair holds key resistance at 103.53 levels. A daily close above 103.…
It made intraday high at 103.43 and low at 103.17 levels.
Intraday bias remains bearish till the time pair holds key resistance at 103.53 levels.
A daily close above 103.53 will take the parity higher towards key resistances around 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 102.86 will drag the parity down towards key supports at 101.97, 101.23, 100.48, 99.99, 99.27 and 98.78 levels respectively.
Japan’s August Nikkei manufacturing PMI decreases to 49.5 vs previous 49.6.
Japan’s Q2 business capital spending decreases to 3.1 % vs previous 4.2 %.
