FxWirePro: Japanese yen falls in early Asia as trade balance data misses expectations
Wednesday, February 20, 2019 2:22 AM UTC
- USD/JPY is currently trading around 110.82 marks.
- It made intraday high at 110.93 and low at 110.52 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 111.00 mark.
- A daily close above 111.00 will take the parity higher towards key resistances around 111.36, 112.60 and 113.98 levels respectively.
- On the other side, a sustained close below 110.45 will drag the parity down towards key supports around 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan Jan 2019 exports yy decrease to -8.4 % (forecast -5.5 %) vs previous -3.9 % (revised from -3.8 %).
- Japan Jan 2019 imports yy decrease to -0.6 % (forecast -2.8 %) vs previous 1.9 %.
- Japan Jan 2019 trade balance total yen decrease to -1415.2 jpy (forecast -1011 jpy) vs previous -56.7 jpy (revised from -55.3 jpy).
- Tokyo's Nikkei share average opens up 0.20 pct at 21,346.04.