FxWirePro: Japanese yen marginally lower in early hours of Asia after Japan’s GDP, current account data
Thursday, December 8, 2016 1:19 AM UTC
- USD/JPY is currently trading around 113.76 marks.
- It made intraday high at 113.85 and low at 113.57 levels.
- Intraday bias remains neutral till the time pair holds key support at 113.41 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 113.41 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 Q3 GDP revised q/q annualised decreases to 1.3 % (forecast 2.4 %) vs previous 2.2 %.
- Japan’s Q3 GDP cap ex rev q/q decreases to -0.4 % (forecast 0.2 %) vs previous 0.0 %.
- Japan’s Q3 GDP q/q private consumption revised increases to 0.3 % vs previous 0.1 %.
- Japan’s Q3 GDP revised q/q decreases to 0.3 % (forecast 0.6 %) vs previous 0.5 %.
- Japan’s October current account NSA JPY decreases to 1719.9 bln JPY (forecast 1577.2 bln JPY) vs previous 1821.0 bln JPY.