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FxWirePro: Japanese Yen gains slightly in early Asia but remains supported above 108, intraday bias remains bullish

Wednesday, April 13, 2016 12:58 AM UTC

USD/JPY is currently trading around 108.62 marks.
It made intraday high at 108.73 and low at 108.50 levels.
Today Japan released multiple economic indicators.
Japan’s M2 money stock remained unchanged unexpectedly last month, official data showed on Wednesday.
In addition, Japan’s Corporate Goods Price Index fell to a seasonally adjusted annual rate of -3.8%, from -3.4% in the preceding month.
Intraday bias remains slightly bullish till the time pair holds key support at 107.93 marks.
A daily close below key support will take the parity down towards 107.43, 107.09 and 105.72 levels.
On the top side, initial resistance levels are seen at 108.78, 109.68, 111.23, and 112.60 marks respectively.

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FxWirePro: Japanese Yen gains slightly in early Asia but remains supported above 108, intraday bias remains bullish

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