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USD/JPY: fundamental analysis 12 June 2017, 08:31

The Japanese yen is trading neutral against the US dollar during the Asian session on June 12. In the morning session data from Japan was published but had little effect on the dynamics of the market. Orders for machinery products in April rose by 2.7% y/y, but showed a sharp decrease of 3.1% in monthly terms. The index of domestic prices for corporate goods in May showed zero dynamics in monthly terms and grew by 2.1% in annual terms. Analysts had expected the growth of the index by 0.1% m/m and by 2.2% y/y. On Monday traders should pay attention to the monthly report on the state of the US budget for May, which will appear at 20:00 GMT+2.
Resistance: 110.62, 111.00, 111.70, 112.00.
Support: 110.23, 109.72, 109.11, 108.72, 108.12.
Από το Blogger.