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FxWirePro: Japanese yen trades marginally lower after mixed economic data

Wednesday, May 22, 2019 1:41 AM UTC

USD/JPY is currently trading around 110.51 marks.
It made intraday high at 110.59 and low at 110.46 levels.
Intraday bias remains neutral 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 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 110.49 will drag the parity down towards key supports around 109.42, 108.49, 107.65 and 105.25 levels respectively.
Japan Mar 2019 machinery orders mm increase to 3.8 % (forecast -0.7 %) vs previous 1.8 %.
Japan April 2019 trade balance total yen decrease to 60.4 jpy (forecast 203.2 jpy) vs previous 527.8 jpy.
Japan May 2019 Reuters Tankan di increase to 12 vs previous 8.

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FxWirePro: Japanese yen trades marginally lower after mixed economic data

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