FxWirePro: Japanese yen rises in early Asia on robust manufacturing PMI data, hits fresh 5-month high at 108.15 mark
Monday, June 3, 2019 1:49 AM UTC
- USD/JPY is currently trading around 108.16 marks.
- It made intraday high at 108.34 and low at 108.15 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 109.50 marks.
- A daily close above 108.28 will take the parity higher towards key resistances around 109.50, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
- On the other side, a sustained close below 108.28 will drag the parity down towards key supports around 107.65, 106.90, 106.32 and 105.25 levels respectively.
- Japan May 2019 Nikkei manufacturing PMI increase to 49.8 vs previous 49.6.
- Japan's Nikkei share average falls below 20,315.31 to hit the lowest level since mid - January.
- Japan May final PMI shows export orders contracting at fastest pace in 4 months.