FxWirePro: USD/JPY falls below 111.00 mark as Japan’s wage data came in much better than expected
Tuesday, April 5, 2016 1:25 AM UTC
- 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.