FxWirePro: Japanese yen trades marginally lower despite robust manufacturing PMI data
Wednesday, August 23, 2017 1:45 AM UTC
- USD/JPY is currently trading around 109.68 marks.
- It made intraday high at 109.82 and low at 109.51 levels.
- Intraday bias remains bullish till the time pair holds key support at 109.55 marks.
- A daily close above 109.55 will take the parity higher towards key resistances around 109.88, 110.37, 110.82, 112.07, 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 109.55 will drag the parity down towards key supports around 108.72, 108.13, 107.44, 106.72, 106.03 and 104.96 levels respectively.
- Japan August Nikkei manufacturing PMI increase to 52.8 vs previous 52.1.
- Tokyo's Nikkei share average opens up 0.84 pct at 19,547.05.