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FxWirePro: Japanese yen depreciates in early hours of Asia despite higher than expected BSI manufacturing index

  • 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.
  • Market Data
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