FxWirePro: Japanese yen trades marginally lower after mixed economic data
Monday, May 20, 2019 1:29 AM UTC
- USD/JPY is currently trading around 110.25 marks.
- It made intraday high at 110.31 and low at 110.01 levels.
- Intraday bias remains bullish till the time pair holds key support at 109.42 mark.
- A daily close above 110.05 will take the parity higher towards key resistances around 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
- On the other side, a sustained close below 110.05 will drag the parity down towards key supports around 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan Q1 2019 GDP qq capital expenditure decrease to -0.3 % (forecast -1.7 %) vs previous 2.5 % (revised from 2.7 %).
- Japan Q1 2019 GDP qq increase to 0.5 % vs previous 0.4 % (revised from 0.5 %).
- Japan Q1 2019 GDP qq external demand increase to 0.4 % (forecast 0.3 %) vs previous -0.3 %.
- Japan Q1 2019 GDP qq annualised increase to 2.1 % (forecast -0.2 %) vs previous .6 % (revised from 1.9 %).
- Japan Q1 2019 GDP qq private consmpution prelim decrease to -0.1 % (forecast -0.1 %) vs previous 0.2 % (revised from 0.4 %).