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23.03.201720:20:00UTC+00Fxwirepro: Japanese Yen falls in Early Asia As Japan’s Flash Manufacturing Pmi Fails to Meet Expectations

  • USD/JPY is currently trading around 111.32 marks.
     
  • It made intraday high at 111.35 and low at 110.86 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 110.62 marks.
     
  • A daily close above 110.92 will take the parity higher towards key resistances around 111.80, 112.86, 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 110.92 will drag the parity down towards key supports around 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s March Nikkei manufacturing PMI decreases to 52.6 vs previous 53.3.



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