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FxWirePro: Yen gains in early hours of Asia on the back of higher than expected flash manufacturing PMI data

  • USD/JPY is currently trading around 105.80 marks.
     
  • It made intraday high at 106.25 and low at 105.56 levels.
     
  • Intraday bias remains slightly bearish for the moment.
     
  • A daily close above 106.12 will take the parity higher towards key resistances around 107.49, 107.90 and 109.13 levels respectively.
     
  • On the other side, a sustained break below 105.42 will drag the parity down towards key supports at 104.62, 103.97, 102.45, 101.47, 100.59, 99.99, 99.27 and 98.78 levels respectively.
     
  • Japan's July Nikkei manufacturing PMI flash increase to 49.0 vs previous 48.1.
     
  • It shows export demand contracts at fastest in more than 3 1/2 years.
  • Market Data
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