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FxWirePro: Japanese yen trades marginally lower in early Asia after mixed economic data

  • USD/JPY is currently trading around 108.50 marks.
     
  • It made intraday high at 108.53 and low at 108.32 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 108.06 marks.
     
  • A daily close above 108.46 will take the parity higher towards key resistances around 109.50, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
     
  • On the other side, a sustained close below 108.06 will drag the parity down towards key supports around 107.65, 106.90, 106.32 and 105.25 levels respectively.
     
  • Japan April 2019 all household spending mm decrease to -1.4 % (forecast -0.3 %) vs previous 0.1 %.
     
  • Japan April 2019 overall lab cash earnings increase to -0.1 % vs previous -1.3 % (revised from -1.9 %).
     
  • Japan May 2019 foreign reserves increase to 1308 usd vs previous 1293.5 usd.
     
  • Japan April 2019 overtime pay increase to -1.1 % vs previous -3.1 %.
  • Market Data
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