- USD/JPY is currently trading around 100.79 marks.
- It made intraday high at 100.85 and low at 100.52 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 99.99 marks.
- A daily close above 101.40 will take the parity higher towards key resistances around 102.58, 103.78, 104.80, 106.12 and 107.46 levels respectively.
- On the other side, a sustained break below 99.99 will drag the parity down towards key supports at 99.27 and 98.78 levels respectively.
- Today Japan released core machinery orders data with negative numbers at -1.4% m/m vs -11.0% m/m previous release.
- In addition, Japan’s M2 money stock stays flat at 3.4% m/m.
The material has been provided by InstaForex Company – www.instaforex.com