FxWirePro: Japanese yen trades marginally higher despite lower than expected BSI manufacturing index
Tuesday, December 11, 2018 1:11 AM UTC
- USD/JPY is currently trading around 113.08 marks.
- It made intraday high at 113.32 and low at 113.07 levels.
- Intraday bias remains slightly bearish till the time pair holds immediate resistance at 113.32 mark.
- A daily close above 113.32 will take the parity higher towards key resistances around 113.98, 114.45, 114.73, 115.90, 116.34 and 117.02 levels respectively.
- On the other side, a sustained close below 113.32 will drag the parity down towards key supports around 112.22, 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
- Japan q4 2018 business survey index decrease to 5.5 % vs previous 6.5 %.
- Tokyo's Nikkei share average opens up 0.25 pct at 21,273.04.