FxWirePro: Japanese yen trades marginally higher despite lower than expected flash manufacturing PMI data
Thursday, May 23, 2019 1:21 AM UTC
- USD/JPY is currently trading around 110.14 marks.
- It made intraday high at 110.35 and low at 110.13 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 110.70 marks.
- A daily close above 110.49 will take the parity higher towards key resistances around 110.95, 111.44, 112.40, 112.88 and 113.26 levels respectively.
- On the other side, a sustained close below 110.35 will drag the parity down towards key supports around 110.00, 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan May 2019 Nikkei manufacturing PMI flash decrease to 49.6 vs previous 50.2.
- Tokyo's Nikkei share average opens down 0.48 pct at 21,180.24.