FxWirePro: Japanese yen falls in early hours of Asia despite higher than expected PPI data
Friday, February 10, 2017 1:46 AM UTC
- USD/JPY is currently trading around 113.72 marks.
- It made intraday high at 113.79 and low at 113.22 levels.
- Intraday bias remains bullish till the time pair holds key support at 112.64 marks.
- A daily close above 113.22 will take the parity higher towards key resistances around 113.96, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 113.22 will drag the parity down towards key supports around 112.64, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
- Japan’s January corporate goods price y/y increase to 0.5 % (forecast 0.0 %) vs previous -1.2 %.
- Japan’s January corporate goods price m/m stays flat at 0.6 % (forecast 0.2 %) vs previous 0.6 %.
- BOJ increases purchase of superlong JGBs in Friday's operation.