FxWirePro: Japanese yen marginally higher in Asia after mixed data from Japan
Friday, March 3, 2017 1:11 AM UTC
- USD/JPY is currently trading around 114.23 marks.
- It made intraday high at 114.47 and low at 114.22 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 114.59 marks.
- A daily close above 114.39 will take the parity higher towards key resistances around 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 114.39 will drag the parity down towards key supports around 113.68, 112.74, 111.91, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
- South Korea’s February CPI growth decreases to 0.3 % (forecast 0.10 %) vs previous 0.9 %.
- Japan’s January CPI, core nationwide y/y increase to 0.1 % (forecast 0.0 %) vs previous -0.2 %.
- Japan’s January all household spending y/y decrease to -1.2 % (forecast -0.4 %) vs previous -0.3 %.
- Japan’s January unemployment rate decrease to 3.0 % (forecast 3.0 %) vs previous 3.1 %.