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FxWirePro: Japanese yen marginally higher despite lower than expected core machinery orders data

  • USD/JPY is currently trading around 112.65 marks.
     
  • It made intraday high at 113.12 and low at 112.49 levels.
     
  • Intraday bias remains neutral till the time pair holds key support at 112.63 marks.
     
  • A daily close above 113.09 will take the parity higher towards key resistances around 113.79, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.

  • On the other side, a sustained close below 113.09 will drag the parity down towards key supports around 112.08, 111.20, 110.87, 109.60, 108.32, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s March machinery orders y/y decrease to -0.7 % (forecast 0.6 %) vs previous 5.6.
     
  • Japan’s March machinery orders m/m decrease to 1.4 % (forecast 2.1 %) vs previous 1.5 %.
     
  • Tokyo's Nikkei share average opens down 0.57 pct at 19,806.78.
  • Market Data
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