Daily Pivots: (S1) 150.35; (P) 150.75; (R1) 151.45; More… No change in USD/JPY’s outlook and intraday bias remains neutral. Strong resistance is still expected from 150.92 to complete the corrective recovery from 146.52. On the downside break of 149.53 support will bring retest of 146.52 first. Sustained trading below 61.8% retracement of 139.57 to 158.86 […]
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China’s official PMI data for March offered modest optimism, with the manufacturing index rising from 50.2 to 50.5, matching expectations and marking its highest level in a year. Sub-indices for production and new orders both Read more…
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Japan’s industrial production rose 2.5% mom in February, beating market expectations of 1.9% mom gain. The strong growth was driven by key tech-related sectors, with chipmaking machinery output jumping 8.2% and electronic parts and devices Read more…