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

  • 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.
  • Market Data
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