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FxWirePro: Japanese yen marginally lower despite higher than expected flash manufacturing PMI data

  • USD/JPY is currently trading around 113.37 marks.
     
  • It made intraday high at 113.41 and low at 113.07 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 112.79 marks.
     
  • A daily close above 113.07 will take the parity higher towards key resistances around 113.50, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
     
  • On the other side, a sustained close below 113.07 will drag the parity down towards key supports around 112.61, 111.62, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan February Nikkei manufacturing PMI increases to 53.5 vs previous 52.7.
  • Market Data
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