FxWirePro: Japanese Yen gains against major peers despite lower than expected retail sales data
USD/JPY is currently trading around 102.40 marks. It made intraday high at 102.77 and low at 102.28 levels. Intraday bias remains bearish till the time pair holds key resistance at 102.84 marks. A sustained break below 1…
It made intraday high at 102.77 and low at 102.28 levels.
Intraday bias remains bearish till the time pair holds key resistance at 102.84 marks.
A sustained break below 101.55 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.
Alternatively, a daily close above 102.85 is required to take the parity higher towards key resistances around 103.45, 104.80, 106.12 and 107.46 levels respectively.
Japan may retail sales y/y decrease to -1.9 % (forecast -1.6 %) vs previous -0.8 %.
