FxWirePro: Japanese yen remains volatile after cash earnings, household spending data
Tuesday, August 6, 2019 2:23 AM UTC
- USD/JPY is currently trading around 106.18 marks.
- It made intraday high at 106.38 and low at 105.52 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 105.95 will take the parity higher towards key resistances around 107.85, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
- On the other side, a sustained close below 105.95 will drag the parity down towards key supports around 104.00, 102.22, 101.68 and 100.98 levels respectively.
- Japan’s Nikkei was trading 1.98 pct lower at 20,307.48 points.
- Japan average cash eranings y/y 0.4 vs -0.5 pct previous release.
- Japan household spending y/y 2.7 pct vs 4.0 pct previous release (expected 1.3 pct).