FxWirePro: Japanese yen trades flat after manufacturing PMI data
Thursday, April 23, 2020 3:33 AM UTC
- USD/JPY is currently trading around 107.74 marks.
- It made intraday high at 107.86 and low at 107.70 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 107.91 mark.
- A daily close above 107.91 will take the parity higher towards key resistances around 108.38, 109.18, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
- On the other side, a sustained close below 107.20 will drag the parity down towards key supports around 106.15, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
- Japan’s manufacturing PMI stands at 43.7 vs 44.8 previous release.
- Japan’s Nikkei was trading 0.65 pct higher at 19,289.55 points.