• FxWirePro: Japanese Yen remains volatile after cash earnings, household spending data

    Source: FxWire Pro - Technicals / 10 Nov 2019 11:29:56   America/New_York

    • USD/JPY is currently trading around 109.23 marks.
       
    • It made intraday high at 109.40 mark and low at 109.23 levels.
       
    • Intraday bias remains neutral till the time pair holds key resistance at 109.28 mark.
       
    • A daily close above 109.28 will take the parity higher towards key resistances around 109.62, 110.70, 111.44 and 112.40 levels respectively.
       
    • On the other side, a sustained close below 109.28 will drag the parity down towards key supports around 108.53, 107.84, 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
       
    • Japan’s Nikkei was trading 0.35 pct higher at 23,417.50 points.
       
    • Japan’s average cash earnings stands at 0.8 pct vs -0.1 pct previous release (expected 0.1).
       
    • Japan’s household spending stands at 9.5 pct vs 1.0 pct previous release (expected 7.1).
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