FxWirePro: Japanese yen remains almost unchanged in early Asia despite robust current account, final GDP data
Friday, March 8, 2019 1:31 AM UTC
- 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.