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FxWirePro: Japanese yen trades marginally higher despite lower than expected GDP, current account data

  • USD/JPY is currently trading around 112.47 marks.
     
  • It made intraday high at 112.68 and low at 112.42 levels.
     
  • Intraday bias remains neutral till the time pair holds immediate resistance at 112.68 mark.
     
  • A daily close above 112.68 will take the parity higher towards key resistances around 113.20, 113.98, 114.45, 114.73, 115.90, 116.34 and 117.02 levels respectively.
     
  • On the other side, a sustained close below 112.68 will drag the parity down towards key supports around 112.22, 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
     
  • Japan July - Sept revised real GDP -0.6 pct qtr/qtr (prelim -0.3 pct, poll -0.5 pct).
     
  • Japan Oct unadjusted current account balance +1,309.9 bln yen-mof (poll: +1384.2 bln yen).
     
  • Tokyo's Nikkei share average opens down 1.66 pct at 21,319.47.
  • Market Data
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