FxWirePro: Japanese yen trades flat after BSI manufacturing index, PPI data
Wednesday, December 11, 2019 1:43 AM UTC
- USD/JPY is currently trading around 108.72 marks.
- It made intraday high at 108.85 mark and low at 108.66 levels.
- Intraday bias remains neutral till the time pair holds key support at 108.40 mark.
- A daily close above 108.86 will take the parity higher towards key resistances around 109.52, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 108.40 will drag the parity down towards key supports around 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
- Japan’s Nikkei was trading 0.27 pct lower at 23,348.50 points.
- Japan’s BSI manufacturing index stands at -7.8 vs -0.2 previous release (expected 0.2).
- Japan’s PPI y/y stands at 0.1 pct vs -0.4 pct previous release (expected 0.0).