FxWirePro: Japanese yen strengthens in early Asia after mixed economic data
Friday, May 31, 2019 1:54 AM UTC
- USD/JPY is currently trading around 109.36 marks.
- It made intraday high at 109.62 and low at 109.22 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 109.62 marks.
- A daily close above 109.62 will take the parity higher towards key resistances around 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
- On the other side, a sustained close below 109.27 will drag the parity down towards key supports around 108.49, 107.65 and 105.25 levels respectively.
- Japan April 2019 unemployment rate decrease to 2.4 % (forecast 2.4 %) vs previous 2.5 %.
- Japan may 2019 CPI, overall Tokyo decrease to 1.1 % vs previous 1.4 %.
- Japan April 2019 industrial output prelim mm sa increase to 0.6 % (forecast 0.2 %) vs previous -0.6 %.
- Japan April 2019 retail sales yy decrease to 0.5 % (forecast 0.8 %) vs previous 1 %.
- Japan's Nikkei share average falls below 20,751.45 to hit the lowest since February.