- USD/JPY is currently trading around 107.17 marks.
- It made intraday high at 107.22 and low at 106.90 levels.
- Intraday bias remains bullish till the time pair holds key support at 106.15 marks.
- A daily close above 107.38 is required to take the parity higher towards key resistances around 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
- On the other side, a sustained break below 106.25 will drag the parity down towards key supports at 105.71, 105.45 and 104.55 levels respectively.
- Japan’s May corporate goods price Y/Y stays flat at -4.2 % (forecast -4.2 %) vs previous -4.2 %.
- In addition, Japan’s May corporate goods price m/m increase to 0.2 % (forecast 0.1 %) vs previous -0.3 %.
The material has been provided by InstaForex Company – www.instaforex.com