FxWirePro: Yen gains in early hours against US dollar, bias remains bearish
USD/JPY is currently trading around 102.36 marks. It made intraday high at 102.58 and low at 102.26 levels. Intraday bias remains bearish till the time pair holds key resistance at 103.39 marks. A daily close above 103.3…
It made intraday high at 102.58 and low at 102.26 levels.
Intraday bias remains bearish till the time pair holds key resistance at 103.39 marks.
A daily close above 103.39 will take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
On the other side, a sustained break below 102.17 will drag the parity down towards key supports at 101.55, 100.98, 99.27 and 98.82 levels respectively.
No major economic data is scheduled from Japan but on the other side, US will release factory orders data at 0200 GMT.
