Dollar/Yen remains pressure on 80 points
On Wednesday (July 4) Asian market in early trading, dollar/Yen hovers 79.8 level overnight the currency's highest hit 79.93. United States Department of Commerce on Tuesday (July 3) released data showed that United States May factory orders monthly rate rose by 0.7%, significantly better-than-expected rise in 0.2%, decline in value before 0.6%. At the same time, United States May durable goods orders amendedMonthly rate all rise in the value of 1.3%, initial value increased by 1.1%. Japan Ministry of health, labour and data released on Tuesday showed that Japan May work overtime wages increased by 6.4%% per annum, for the eighth consecutive month of growth.
Japan May labour cash up to 268,301 yen on average, annual rate of 0.8%. From a technical point of view, the dollar/Yen above the 10th averages,MACD indicator red kinetic energy column expand, KDJ indicators go flat. If Exchange rate levels of breakthrough 79.98, then rebound goal points to 80.6 level.
If the exchange rate falls below 79.16 level, then the callback target will point to 78.61 levels.
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