FxWirePro: Japanese yen remains volatile after cash earnings, household spending data
Friday, November 8, 2019 2:04 AM UTC
- USD/JPY is currently trading around 109.23 marks.
- It made intraday high at 109.40 mark and low at 109.23 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 109.28 mark.
- A daily close above 109.28 will take the parity higher towards key resistances around 109.62, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 109.28 will drag the parity down towards key supports around 108.53, 107.84, 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
- Japan’s Nikkei was trading 0.35 pct higher at 23,417.50 points.
- Japan’s average cash earnings stands at 0.8 pct vs -0.1 pct previous release (expected 0.1).
- Japan’s household spending stands at 9.5 pct vs 1.0 pct previous release (expected 7.1).