FxWirePro: USD/JPY hits fresh 4-month low after mixed economic data from Japan

Tuesday, August 29, 2017 1:42 AM UTC
  • USD/JPY is currently trading around 108.67 marks.

     
  • It made intraday high at 109.25 and low at 108.33 levels.

     
  • Intraday bias remains bearish till the time pair holds key resistance at 109.41 marks.

     
  • A daily close above 109.23 will take the parity higher towards key resistances around 109.88, 110.37, 110.82, 112.07, 112.86, 113.57, 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 109.23 will drag the parity down towards key supports around 108.13, 107.44, 106.72, 106.03 and 104.96 levels respectively.

     
  • Japan July jobs/applicants ratio increase to 1.52 (forecast 1.52) vs previous 1.51.

     
  • Japan July unemployment rate stays flat at 2.8 % (forecast 2.8 %) vs previous 2.8 %.

     
  • Japan July all household spending y/y decrease to -0.2 % (forecast 0.7 %) vs previous 2.3 %.

     
  • Japan July all household spending m/m decrease to -1.9 % (forecast -0.5 %) vs previous 1.5 %.

     
  • Tokyo’s Nikkei share average opens down 0.67 pct at 19,319.11.

     
  • Japan’s Nikkei share average falls to near 4-month low.

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