• FxWirePro: Japanese Yen trades marginally higher despite lower than expected Nikkei manufacturing PMI data

    Source: FxWire Pro - Technicals / 22 May 2018 21:28:04   America/New_York

    • USD/JPY is currently trading around 110.81 marks.
       
    • It made intraday high at 110.91 and low at 110.72 levels.
       
    • Intraday bias remains neutral for the moment.
       
    • A daily close above 111.03 will take the parity higher towards key resistances around 111.40, 111.87, 112.56 and 113.44 levels respectively.
       
    • On the other side, a sustained close below 110.60 will drag the parity down towards key supports around 109.82, 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
       
    • Japan May Nikkei manufacturing PMI flash decrease to 52.5 vs previous 53.8.
       
    • Tokyo's Nikkei share average opens down 0.40 pct at 22,868.79.

    FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

Share on