FxWirePro: Yen marginally lower in early hours of Asia on the back of lower than expected core machinery orders data
USD/JPY is currently trading around 105.70 marks. It made intraday high at 105.95 and low at 105.54 levels. Intraday bias remains bullish till the time pair holds key support at 104.62 levels. A daily close above 105.65 …
It made intraday high at 105.95 and low at 105.54 levels.
Intraday bias remains bullish till the time pair holds key support at 104.62 levels.
A daily close above 105.65 will take the parity higher towards key resistances around 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 104.62 will drag the parity down towards key supports around 103.75, 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
Japan September machinery orders m/m decrease to -3.3 % (forecast -0.8 %) vs previous -2.2 %.
Japan September machinery orders y/y decrease to 4.3 % (forecast 3.5 %) vs previous 11.6 %.
