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

    Source: FxWire Pro - Technicals / 09 Oct 2019 22:10:58   America/New_York

    • USD/JPY is currently trading around 107.62 marks.
       
    • It made intraday high at 107.77 and low at 107.03 levels.
       
    • Intraday bias remains slightly bullish till the time pair holds key support at 107.47 mark.
       
    • A daily close above 107.47 will take the parity higher towards key resistances around 107.89, 108.47, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
       
    • On the other side, a sustained close below 107.47 will drag the parity down towards key supports around 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
       
    • Japan’s bank lending stands at 2.0 pct vs 2.1 pct previous release.
       
    • Japan’s core machinery orders m/m stands at -2.4 pct vs -6.6 pct previous release (expected 0.0 pct).
       
    • Japan’s PPI stands at -1.1 pct vs -0.9 pct previous release.
       
    • Japan’s Nikkei was trading 0.38 pct higher 21,532.50 points.
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