• FxWirePro: Japanese Yen remains almost unchanged after household spending, average cash earnings data

    Source: FxWire Pro - Technicals / 08 Dec 2019 10:13:40   America/New_York

    • USD/JPY is currently trading around 108.70 marks.
       
    • It made intraday high at 108.78 mark and low at 108.66 levels.
       
    • Intraday bias remains neutral till the time pair holds key support at 108.62 mark.
       
    • A daily close above 108.86 will take the parity higher towards key resistances around 109.52, 110.70, 111.44 and 112.40 levels respectively.
       
    • On the other side, a sustained close below 108.62 will drag the parity down towards key supports around 108.24, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
       
    • Japan’s Nikkei was trading 0.35 pct higher at 23,381.55 points.
       
    • Japan’s household spending data stands at -5.1 pct vs 9.5 pct previous release (expected -3.1).
       
    • Japan’s average cash earning stands at 0.5 pct vs 0.5 pct previous release (expected 0.2).
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