FxWirePro: Japanese yen remains almost unchanged after PPI, bank lending data
Friday, April 10, 2020 2:54 AM UTC
- USD/JPY is currently trading around 108.49 marks.
- It made intraday high at 108.58 and low at 108.39 levels.
- Intraday bias remains neutral till the time pair holds key support at 108.47 mark.
- A daily close above 108.80 will take the parity higher towards key resistances around 109.54, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
- On the other side, a sustained close below 108.47 will drag the parity down towards key supports around 108.34, 107.46, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
- Japan’s PPI stands at -0.4 vs 0.8 previous release (expected -0.1).
- Japan’s bank lending stands at 2.0 pct vs 2.1 pct previous release (expected 2.1 pct).