FxWirePro: Yen gains in early hours against US dollar, bias remains bearish
Tuesday, July 5, 2016 12:59 AM UTC
- USD/JPY is currently trading around 102.36 marks.
- It made intraday high at 102.58 and low at 102.26 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 103.39 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 102.17 will drag the parity down towards key supports at 101.55, 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 factory orders data at 0200 GMT.