FxWirePro: Japanese yen appreciates on robust industrial production, retail sales data
USD/JPY is currently trading around 113.17 marks. It made intraday high at 113.34 and low at 113.14 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 113.62 marks. A daily close ab…
It made intraday high at 113.34 and low at 113.14 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 113.62 marks.
A daily close above 113.34 will take the parity higher towards key resistances around 113.75, 114.17, 114.88, 115.50, 117.21 and 118.18 levels respectively.
On the other side, a sustained close below 113.34 will drag the parity down towards key supports around 112.88, 112.03, 111.73, 111.37, 110.48, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Japan Nov industrial output prelim m/m increase to 0.6 % (forecast 0.5 %) vs previous 0.5 %.
Japan Nov retail sales y/y increase to 2.2 % (forecast 1.2 %) vs previous -0.2 %.
Tokyo's Nikkei share average opens up 22,912.05.
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