FxWirePro: Japanese yen trades marginally higher in early Asia after mixed economic data
Friday, December 27, 2019 2:28 AM UTC
- USD/JPY is currently trading around 109.46 marks.
- It made intraday high at 109.62 mark and low at 109.43 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 109.62 mark.
- A daily close above 109.62 will take the parity higher towards key resistances around 110.22, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 109.31 will drag the parity down towards key supports around 108.87, 108.40, 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
- Japan’s Nikkei was trading 0.03 pct lower at 23,917.50 points.
- Japan’s Tokyo core CPI y/y stands at 0.8 pct vs 0.6 pct previous release (expected 0.6).
- Japan’s unemployment rate stands at 2.2 pct vs 2.4 pct previous release (expected 2.4).
- Japan’s prelim industrial production m/m stands at -0.9 pct vs -4.5 pct previous release (expected -1.1).
- Japan’s retail sales stands at -2.1 pct vs -7.0 pct previous release (expected -1.7 pct).