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FxWirePro: Japanese yen trades almost flat after mixed economic data

  • USD/JPY is currently trading around 106.09 marks.
     
  • It made intraday high at 106.20 and low at 106.00 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 106.20 will take the parity higher towards key resistances around 107.32, 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
     
  • On the other side, a sustained close below 105.70 will drag the parity down towards key supports around 105.35, 104.96 and 103.34 levels respectively.
     
  • Japan Jan current account nsa jpy decrease to 607.4 bln jp (forecast 310 bln jp) vs previous 797.2 bln jp.
     
  • Japan Q4 GDP revised q/q increase to 0.4 % (forecast 0.2 %) vs previous 0.1 %.
     
  • Japan Q4 GDP revised q/q annualised increase to 1.6 % (forecast 0.9 %) vs previous 0.5 %.
     
  • Japan Q4 GDP capital expenditure revised q/q increase to 1 % (forecast 1.2 %) vs previous 0.7 %.
     
  • Tokyo's Nikkei share average opens up 1.11 pct at 21,488.16.

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