• FxWirePro: Japanese Yen hits fresh 4-month high on robust manufacturing PMI data

    Source: FxWire Pro - Technicals / 23 Jan 2018 20:35:37   Eastern Standard Time

    • USD/JPY is currently trading around 110.26 marks.
       
    • It made intraday high at 110.33 and low at 110.06 levels.
       
    • Intraday bias remains bearish till the time pair holds key resistance at 110.30 mark.
       
    • A daily close above 110.30 will take the parity higher towards key resistances around 110.92, 111.87, 112.78, 113.75 and 114.17 levels respectively.
       
    • On the other side, a sustained close below 110.30 will drag the parity down towards key supports around 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
       
    • Tokyo's Nikkei share average opens down 0.41 pct at 24,026.43.
       
    • Japan Jan Nikkei manufacturing PMI flash increase to 54.4 vs previous 54.
       
    • Japan Dec trade balance total yen increase to 359 bln jp (forecast 530 bln jp) vs previous 112.2 bln jp.

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