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FxWirePro: Japanese yen trades marginally lower after mixed economic data

  • USD/JPY is currently trading around 111.71 marks.
     
  • It made intraday high at 111.73 and low at 111.44 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 111.36 mark.
     
  • A daily close above 111.59 will take the parity higher towards key resistances around 112.40, 112.88, 113.26, 114.54 and 115.24 levels respectively.
     
  • On the other side, a sustained close below 111.59 will drag the parity down towards key supports around 111.36, 110.98, 109.90, 109.42, 108.49, 107.65 and 105.25 levels respectively.
     
  • Japan March 2019 industrial output prelim mm sa decrease to -0.9 % (forecast -0.1 %) vs previous 0.7 %.
     
  • Japan March 2019 unemployment rate increase to 2.5 % (forecast 2.4 %) vs previous 2.3 %.
     
  • Japan April 2019 CPI Tokyo ex fresh food yy increase to 1.3 % (forecast 1.1 %) vs previous 1.1 %.
     
  • Tokyo's Nikkei share average opens down 0.63 pct at 22,167.48.
By Aarti Panchal
  • Market Data
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