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FxWirePro: Japanese yen remains almost unchanged after trade balance data

  • USD/JPY is currently trading around 109.51 marks.
     
  • It made intraday high at 109.56 mark and low at 109.45 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 109.54 mark.
     
  • A daily close above 109.54 will take the parity higher towards key resistances around 109.72, 110.70, 111.44 and 112.40 levels respectively.
     
  • On the other side, a sustained close below 109.31 will drag the parity down towards key supports around 108.40, 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
     
  • Japan’s Nikkei was trading 0.37 pct lower at 23,978.50 points.
     
  • Japan’s trade balance stands at -82.1B vs 15.7B previous release (expected -369.0B).
  • Market Data
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