• FxWirePro: Japanese Yen falls in early Asia after core machinery orders, PPI data

    Source: FxWire Pro - Technicals / 12 Sep 2019 02:56:26   Europe/London

    • USD/JPY is currently trading around 108.05 marks.
       
    • It made intraday high at 108.09 and low at 107.77 levels.
       
    • Intraday bias remains bullish for the moment.
       
    • A daily close above 107.80 will take the parity higher towards key resistances around 108.32, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
       
    • On the other side, a sustained close below 107.80 will drag the parity down towards key supports around 107.18, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
       
    • Japan’s Nikkei was trading 0.88 pct higher at 21,787.50 points.
       
    • Japan core machinery orders m/m stands at -6.6 pct vs 13.9 pct previous release (expeceted -9.0 pct).
       
    • Japan PPI y/y stands at -0.9 vs -0.6 pct previous release.
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