FxWirePro: Japanese yen trades marginally lower after bank lending, current account data
Monday, February 10, 2020 1:48 AM UTC
- USD/JPY is currently trading around 109.75 marks.
- It made intraday high at 109.78 mark and low at 109.56 levels.
- Intraday bias remains slightly bullish for the moment.
- A daily close above 109.75 will take the parity higher towards key resistances around 110.22, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 109.75 will drag the parity down towards key supports around 109.30, 108.42, 107.84, 106.76, 105.95, 104.00 and 102.22 levels respectively.
- Japan’s bank lending y/y stands at 1.9 pct vs 1.8 pct previous release (expected 1.7).
- Japan’s current account stands at 1.71T pct vs 1.79T pct previous release (expected 1.68T).
- Japan’s Nikkei was trading 0.35 pct lower at 23,745.20 points.