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FxWirePro: Japanese yen trades marginally higher despite lower than expected Nikkei manufacturing PMI data

  • USD/JPY is currently trading around 110.81 marks.
     
  • It made intraday high at 110.91 and low at 110.72 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 111.03 will take the parity higher towards key resistances around 111.40, 111.87, 112.56 and 113.44 levels respectively.
     
  • On the other side, a sustained close below 110.60 will drag the parity down towards key supports around 109.82, 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
     
  • Japan May Nikkei manufacturing PMI flash decrease to 52.5 vs previous 53.8.
     
  • Tokyo's Nikkei share average opens down 0.40 pct at 22,868.79.

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