FxWirePro: Japanese Yen falls in early Asia despite robust retail sales data
USD/JPY is currently trading around 110.84 marks. It made intraday high at 110.87 and low at 110.35 levels. Today Japan released retails sales data with positive numbers at -0.8% m/m vs -1.0% m/m previous release. Analys…
It made intraday high at 110.87 and low at 110.35 levels.
Today Japan released retails sales data with positive numbers at -0.8% m/m vs -1.0% m/m previous release. Analysts had expected retail sales to fall at annual rate of -1.2% last month.
Intraday bias remains bullish for the moment.
A daily close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.
Alternatively, a sustained break below 109.47 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.
Today US banks will be closed in observance of Memorial Day.
