FxWirePro: Japanese yen depreciates in early hours of Asia despite higher than expected BSI manufacturing index
Friday, December 9, 2016 12:56 AM UTC
- USD/JPY is currently trading around 114.22 marks.
- It made intraday high at 114.30 and low at 113.98 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 114.42 levels.
- A daily close above 114.42 will take the parity higher towards key resistances around 115.32, 116.78 and 117.25 levels respectively.
- On the other side, a sustained close below 113.13 will drag the parity down towards key supports around 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
- Japan’s Q4 business survey index increases to 7.5 vs previous 2.9.