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FxWirePro: Japanese yen trades marginally higher after trade balance data, BOJ’s policy rate decision in focus

  • USD/JPY is currently trading around 112.26 marks.
     
  • It made intraday high at 112.38 and low at 112.23 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 112.35 will take the parity higher towards key resistances around 112.62, 113.20, 114.73 and 115.90 levels respectively.
     
  • On the other side, a sustained close below 112.35 will drag the parity down towards key supports around 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
     
  • Tokyo's Nikkei share average opens up 1.43 pct at 23,754.96.
     
  • Japan Aug 2018 exports yy increase to 6.6 % (forecast 5.6 %) vs previous 3.9 %.
     
  • Japan Aug 2018 imports yy increase to 15.4 % (forecast 14.9 %) vs previous 14.6 %.
     
  • Japan Aug 2018 trade balance total yen decrease to -444.6 jpy (forecast -468.7 jpy) vs previous -231.9 jpy (revised from -231.2 jpy).
  • Market Data
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