FxWirePro: Yen gains despite lower than expected capital spending, final manufacturing PMI data release
Thursday, September 1, 2016 1:14 AM UTC
- 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 103.53 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 %.