• FxWirePro: Japanese Yen trades marginally lower despite robust household spending, current account data

    Source: FxWire Pro - Technicals / 07 Oct 2019 22:15:54   America/New_York

    • USD/JPY is currently trading around 107.32 marks.
       
    • It made intraday high at 107.40 and low at 107.20 levels.
       
    • Intraday bias remains neutral till the time pair holds key resistance at 107.50 mark.
       
    • A daily close above 107.24 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 107.24 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 household spending y/y stands at 1.00 pct vs 0.8 pct previous release.
       
    • Japan’s current account stands at 1.72T vs 1.65T previous release
      .
    • Japan average cash earnings y/y stands at -0.2 pct vs -1.0 pct previous release.
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