FxWirePro: Japanese yen rises in early Asia after mixed economic data
Friday, February 7, 2020 2:04 AM UTC
- USD/JPY is currently trading around 109.90 marks.
- It made intraday high at 110.02 mark and low at 109.81 levels.
- Intraday bias remains slightly bearish for the moment.
- A daily close above 109.98 will take the parity higher towards key resistances around 110.22, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 109.98 will drag the parity down towards key supports around 109.30, 108.42, 107.84, 106.76, 105.95, 104.00 and 102.22 levels respectively.
- Japan’s average cash earnings stand at 0.0 pct vs 0.1 pct previous release (expected -0.1).
- Japan’s household spending stands at -4.8 pct vs -2.0 pct previous release (expected -1.7).
- Japan’s Nikkei was trading 0.24 pct lower at 23,813.20 points.
- Japan will release leading indicators data around 0500 GMT.