FxWirePro: Japanese yen rises in early Asia on the back of higher than expected retail sales data
Thursday, August 30, 2018 2:06 AM UTC
- USD/JPY is currently trading around 111.57 marks.
- It made intraday high at 111.75 and low at 111.54 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 111.82 mark.
- A daily close above 111.67 will take the parity higher towards key resistances around 112.15, 112.62, 113.20, 114.73 and 115.90 levels respectively.
- On the other side, a sustained close below 111.67 will drag the parity down towards key supports around 110.95, 109.96, 109.36 and 108.34 levels respectively.
- Tokyo's Nikkei share average opens up 0.75 pct at 23,020.18.
- Japan July 2018 retail sales yy decrease to 1.5 % (forecast 1.2 %) vs previous 1.7 % (revised from 1.8 %).