FxWirePro: Japanese yen trades marginally higher after mixed economic data
Friday, February 21, 2020 2:10 AM UTC
- USD/JPY is currently trading around 111.97 marks.
- It made intraday high at 112.94 mark and low at 111.94 levels.
- Intraday bias remains slightly bearish for the moment.
- A daily close above 112.08 will take the parity higher towards key resistances around 112.40, 112.98, 114.00 and 115.22 mark respectively.
- On the other side, a sustained close below 112.08 will drag the parity down towards key supports around 110.22, 109.30, 108.42, 107.84, 106.76 and 105.95 levels respectively.
- Japan’s national core CPI stands at 0.8 pct vs 0.7 pct previous release (expected 0.7).
- Japan’s flash manufacturing PMI stands at 47.6 vs 48.8 pct previous release.
- Japan’s Nikkei was trading 0.16 pct lower at 23,440.50 points.