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FxWirePro: Japanese yen trades marginally higher despite lower than expected household spending data

  • USD/JPY is currently trading around 108.90 marks.
     
  • It made intraday high at 109.14 and low at 108.86 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 109.41 mark.
     
  • A daily close above 109.41 will take the parity higher towards key resistances around 109.82, 110.32, 110.92 and 111.87 levels respectively.
     
  • On the other side, a sustained close below 109.09 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
     
  • Tokyo's Nikkei share average opens down 0.12 pct at 22,440.65.
     
  • Japan March all household spding y/y decrease to -0.7 % (forecast 1.1 %) vs previous 0.1 %.
     
  • Japan March all household spending m/m increase to -0.1 % (forecast 0.7 %) vs previous -1.5 %.

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