FxWirePro: Yen gains in early hours of Asia on the back of higher than expected flash manufacturing PMI data
USD/JPY is currently trading around 105.80 marks. It made intraday high at 106.25 and low at 105.56 levels. Intraday bias remains slightly bearish for the moment. A daily close above 106.12 will take the parity higher to…
It made intraday high at 106.25 and low at 105.56 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 106.12 will take the parity higher towards key resistances around 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 105.42 will drag the parity down towards key supports at 104.62, 103.97, 102.45, 101.47, 100.59, 99.99, 99.27 and 98.78 levels respectively.
Japan's July Nikkei manufacturing PMI flash increase to 49.0 vs previous 48.1.
It shows export demand contracts at fastest in more than 3 1/2 years.
