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FxWirePro: Japanese yen remains almost unchanged in early Asia despite robust current account, final GDP data

  • USD/JPY is currently trading around 111.50 marks.
     
  • It made intraday high at 111.65 and low at 111.47 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 111.89 mark.
     
  • A daily close above 111.89 will take the parity higher towards key resistances around 112.60, 113.98, 114.54 and 115.24 levels respectively.
     
  • On the other side, a sustained close below 111.56 will drag the parity down towards key supports around 110.45, 109.42, 108.49, 107.65 and 105.25 levels respectively.
     
  • Japan Q4 2018 GDP revised qq increase to 0.5 % (forecast 0.4 %) vs previous 0.3 %.
     
  • Japan Jan 2019 current account nsa jpy increase to 600.4 jpy (forecast 179.3 jpy) vs previous 452.8 jpy.
     
  • Japan Jan 2019 overtime pay stays flat at -1 % vs previous -1 %.
     
  • Tokyo's Nikkei share average opens down 0.54 pct at 21,339.17.
  • Market Data
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