Fxwirepro: Japanese Yen Marginally Higher in Early Asia After mixed Economic Data from Japan

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• USD/JPY is currently trading around 111.31 marks.  
• It made intraday high at 111.49 and low at 111.12 levels.  
• Intraday bias remains bearish till the time pair holds key resistance at 112.20 marks.  
• A daily close above 111.36 will take the parity higher towards key resistances around 112.20, 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.  
• On the other side, a sustained close below 111.36 will drag the parity down towards key supports around 110.93, 110.17, 109.72, 106.72, 106.03 and 104.96 levels respectively.  
• Japan Q1 tankan big manufacturing index increase to 12 (forecast 14) vs previous 10.  
• Japan Q1 tankan big non- manufacturing index increase to 20 (forecast 20) vs previous 18.  
• Japan March Nikkei manufacturing PMI decreases to 52.4 vs previous 52.6.

The material has been provided by InstaForex Company - www.instaforex.com

April 03, 2017 at 07:30AM

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