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 …
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 %.
