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FxWirePro: Japanese yen trades marginally lower despite robust Services Producer Price Index data

  • 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.
  • Market Data
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