FxWirePro: Japanese yen trades marginally lower after mixed economic data
Friday, April 26, 2019 1:34 AM UTC
- USD/JPY is currently trading around 111.71 marks.
- It made intraday high at 111.73 and low at 111.44 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 111.36 mark.
- A daily close above 111.59 will take the parity higher towards key resistances around 112.40, 112.88, 113.26, 114.54 and 115.24 levels respectively.
- On the other side, a sustained close below 111.59 will drag the parity down towards key supports around 111.36, 110.98, 109.90, 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan March 2019 industrial output prelim mm sa decrease to -0.9 % (forecast -0.1 %) vs previous 0.7 %.
- Japan March 2019 unemployment rate increase to 2.5 % (forecast 2.4 %) vs previous 2.3 %.
- Japan April 2019 CPI Tokyo ex fresh food yy increase to 1.3 % (forecast 1.1 %) vs previous 1.1 %.
- Tokyo's Nikkei share average opens down 0.63 pct at 22,167.48.