FxWirePro: USD/JPY slips below 102.00 mark; hits lowest level since November 1, 2016
Monday, March 9, 2020 2:02 AM UTC
- USD/JPY is currently trading around 102.20 marks.
- It made intraday high at 104.59 and low at 101.57 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 104.00 will take the parity lower towards key resistances around 105.25, 107.52, 109.20, 110.42, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
- On the other side, a sustained close below 104.00 will drag the parity down towards key supports around 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
- Japan’s current account stands at 1.63T vs 1.85T previous release (expected 1.66T).
- Japan’s final GDP q/q stands at -1.8 pct vs -1.6 pct previous release (expected -1.7 pct).
- Japan’s Nikkei was trading 5.74 pct lower at 19,550.50 points.