Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Japanese yen trades marginally lower despite real GDP rises at fastest pace since Jan - March 2015

  • USD/JPY is currently trading around 109.42 marks.
     
  • It made intraday high at 109.44 and low at 109.03 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 109.17 marks.
     
  • A daily close above 109.17 will take the parity higher towards key resistances around 109.88, 110.36, 110.82, 112.07, 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
     
  • On the other side, a sustained close below 109.17 will drag the parity down towards key supports around 108.72, 108.13, 107.44, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan Q2 GDP Q/Q increase to 1 % (forecast 0.6 %) vs previous 0.4 % (revised from 0.3 %).
     
  • Japan Q2 GDP Q/Q annualised increase to 4 % (forecast 2.5 %) vs previous 1.5 % (revised from 1.0 %).
     
  • Japan Q2 GDP Q/Q private consumption prelim increase to 0.9 % (forecast 0.5 %) vs previous 0.4 % (revised from 0.3 %).
     
  • Japan Q2 GDP Q/Q capital expenditure increase to 2.4 % (forecast 1.2 %) vs previous 0.9 % (revised from 0.6 %).

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.