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FxWirePro: Yen hits fresh 10-month low against U.S. dollar despite higher than expected Japan’s core machinery orders

  • USD/JPY is currently trading around 115.43 marks.
     
  • It made intraday high at 115.61 and low at 115.35 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 113.98 levels.
     
  • A daily close above 115.15 will take the parity higher towards key resistances around 116.78 and 117.52 levels respectively.
     
  • On the other side, a sustained close below 113.98 will drag the parity down towards key supports around 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s October machinery orders m/m increases to 4.1 % (forecast 1.0 %) vs previous -3.3 %.
     
  • Japan’s November corporate goods price m/m increases to 0.4 % (forecast 0.3 %) vs previous -0.1 %.
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