x
Breaking News
0

Japanese Manufacturing Sector Growth Revised Upwards To A 3-Month High

By GCI FinancialForexJun 01, 2017 03:53AM ET
www.investing.com/analysis/japanese-manufacturing-sector-growth-revised-upwards-to-a-3-month-high-200192527
Japanese Manufacturing Sector Growth Revised Upwards To A 3-Month High
By GCI Financial   |  Jun 01, 2017 03:53AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

USDJPY Movement
USDJPY Movement

For the 24 hours to 23:00 GMT, the USD marginally declined against the JPY and closed at 110.79.

On the economic front, Japan’s small business confidence index climbed to a level of 48.9 in May, compared to a level of 48.6 in the previous month.

In the Asian session, at GMT0300, the pair is trading at 110.93, with the USD trading 0.13% higher from yesterday’s close.

Overnight data indicated that the nation’s final Nikkei manufacturing PMI was revised upwards to a level of 53.1 in May, notching its highest level in three months and compared to a fall to a level of 52.0 in the preliminary print and following a level of 52.7 in the previous month.

The pair is expected to find support at 110.54, and a fall through could take it to the next support level of 110.14. The pair is expected to find its first resistance at 111.28, and a rise through could take it to the next resistance level of 111.62.

Moving ahead, market participants will closely monitor Japan’s consumer confidence data for May, set to release tomorrow.

The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.

Japanese Manufacturing Sector Growth Revised Upwards To A 3-Month High
 

Related Articles

Japanese Manufacturing Sector Growth Revised Upwards To A 3-Month High

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
 
 
 
Add Chart to Comment
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: GCI Weekly Highlights is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI Financial Ltd. assumes no responsibility or liability from gains or losses incurred by the information herein contained.
Continue with Google
or
Sign up with Email