FxWirePro: Japanese yen trades marginally higher despite lower than expected manufacturing PMI data
Thursday, February 21, 2019 2:14 AM UTC
- USD/JPY is currently trading around 110.71 marks.
- It made intraday high at 110.86 and low at 110.59 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 111.00 mark.
- A daily close above 111.00 will take the parity higher towards key resistances around 111.36, 112.60 and 113.98 levels respectively.
- On the other side, a sustained close below 110.45 will drag the parity down towards key supports around 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan Feb 2019 Nikkei manufacturing PMI flash decrease to 48.5 vs previous 50.3.
- Tokyo's Nikkei share average opens down 0.04 pct at 21,422.31.