FxWirePro: Japanese yen trades marginally lower in early Asia after PPI data
Tuesday, August 13, 2019 1:45 AM UTC
- USD/JPY is currently trading around 105.35 marks.
- It made intraday high at 105.46 and low at 105.15 levels.
- Intraday bias remains neutral till the time pair holds key support at 105.29 mark.
- A daily close above 105.29 will take the parity higher towards key resistances around 106.07, 107.85, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
- On the other side, a sustained close below 105.29 will drag the parity down towards key supports around 104.00, 102.22, 101.68 and 100.98 levels respectively.
- Japan’s Nikkei was trading 1.25 pct lower at 20,422.48 points.
- Japan July PPI mm at 0.0 pct vs -0.5 pct previous release.
- Japan July PPI y/y at -0.6 pct vs -0.1 pct previous release.