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FxWirePro: USD/JPY falls below 111.00 mark as Japan’s wage data came in much better than expected

  • USD/JPY is currently trading around 110.87 marks.
     
  • It made intraday high at 111.34 and low at 110.85 levels.
     
  • Today Japan released Labour cash earnings data with positive numbers at 0.9% m/m vs 0.0% previous release.
     
  • Intraday bias remains bearish for the moment. 
     
  • Pair slips below 111.00 and confirms bearish trend for the moment.
     
  • A daily close below 111.14 will take the parity down towards 110.66, 109.62 and 108.36 levels.
     
  • On the top side, key resistance levels are seen at 111.79, 112.60, 113.43, 113.98 and 114.28 marks.
  • Market Data
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