FxWirePro: Japanese yen trades marginally higher despite lower than expected core machinery orders, current account data
Monday, November 11, 2019 1:51 AM UTC
- USD/JPY is currently trading around 109.10 marks.
- It made intraday high at 109.25 mark and low at 109.09 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 109.28 mark.
- A daily close above 109.28 will take the parity higher towards key resistances around 109.62, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 108.97 will drag the parity down towards key supports around 108.53, 107.84, 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
- Japan’s Nikkei was trading 0.20 pct lower at 23,366.50 points.
- Japan’s core machinery orders stands at -2.9 pct vs -2.4 pct previous release (expected 0.9).
- Japan’s current account stands at 1.49T vs 1.72T pct previous release (expected 1.66T).
- Japan’s bank lending y/y remains unchanged at 2.0 pct.