FxWirePro: USD/JPY breaks key support at 101.39, intraday bias remains bearish
Wednesday, July 6, 2016 1:04 AM UTC
- USD/JPY is currently trading around 101.19 marks.
- It made intraday high at 101.76 and low at 101.05 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 102.80 marks.
- A daily close above 103.39 will take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
- On the other side, a sustained break below 101.39 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.
- No major economic data is scheduled from Japan but on the other side, US will release ISM non manufacturing PMI as well as FOMC meeting minutes later today.