FxWirePro: Japanese yen trades marginally lower despite robust Services Producer Price Index data
Tuesday, February 25, 2020 1:47 AM UTC
- USD/JPY is currently trading around 110.95 marks.
- It made intraday high at 111.04 and low at 110.63 levels.
- Intraday bias remains slightly bullish for the moment.
- A daily close above 110.70 will take the parity higher towards key resistances around 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
- On the other side, a sustained close below 110.70 will drag the parity down towards key supports around 110.22, 109.30, 108.42, 107.84, 106.76 and 105.95 levels respectively.
- Japan’s SPPI data stands at 2.3 pct vs 2.1 pct previous release (expected 2.1).
- Japan’s Nikkei was trading 2.90 pct lower at 22,707.50 points.