FxWirePro: Japanese yen remains almost unchanged after core machinery orders, current account data
Wednesday, April 8, 2020 2:37 AM UTC
- USD/JPY is currently trading around 108.75 marks.
- It made intraday high at 108.87 and low at 108.50 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 109.18 mark.
- A daily close above 109.18 will take the parity higher towards key resistances around 109.54, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
- On the other side, a sustained close below 108.72 will drag the parity down towards key supports around 108.34, 107.46, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
- Japan’s core machinery orders stands at 2.3 vs 2.9 previous release (expected -2.9).
- Japan’s current account stands at 2.38T vs 1.63T previous release (expected 2.02T).
- Japan’s Nikkei was trading 0.20 pct higher at 19,020.50 points.