FxWirePro: Japanese yen trades marginally lower in early Asia as prelim GDP data misses expectations
Wednesday, November 14, 2018 1:48 AM UTC
- USD/JPY is currently trading around 113.93 marks.
- It made intraday high at 113.98 and low at 113.75 levels.
- Intraday bias remains slightly bullish till the tme pair holds key support at 113.50 mark.
- A daily close above 113.80 will take the parity higher towards key resistances around 113.98, 114.45, 114.73, 115.90, 116.34 and 117.02 levels respectively.
- On the other side, a sustained close below 113.80 will drag the parity down towards key supports around 112.98, 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
- Japan Q3 2018 GDP qq decrease to -0.3 % (forecast -0.3 %) vs previous 0.8 % (revised from 0.7 %).
- Japan Q3 2018 GDP qq annualised decrease to -1.2 % (forecast -1 %) vs previous 3 %.
- Japan Q3 2018 GDP qq pvt consmp prelim decrease to -0.1 % (forecast -0.2 %) vs previous 0.7 %.
- Japan Q3 2018 GDP qq capital expend. decrease to -0.2 % vs previous 3.1 %.
- Japan Q3 2018 GDP qq external demand stays flat at -0.1 % (forecast -0.1 %) vs previous -0.1 %.
- Tokyo's Nikkei share average opens up 0.19 pct at 21,851.13.