FxWirePro: Global markets under Brexit fever, USD/JPY hits fresh 22 –month low
Friday, June 24, 2016 1:21 AM UTC
- USD/JPY is currently trading around 104.04 marks.
- It made intraday high at 106.81 and low at 103.08 levels.
- Intraday bias remains neutral for the moment as countdown begins for the Brexit vote.
- A sustained close below 103.08 will drag the parity down towards key supports at 102.10 and 101.56 levels respectively.
- Alternatively, a daily close above 106.23 is required to take the parity higher towards key resistances around 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
- Today Japan released SPPI data with positive numbers at 0.2% m/m vs 0.1% m/m consensus forecast.