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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 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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