FxWirePro: Japanese yen depreciates in early Asia on the back of lower than expected industrial production data

• USD/JPY is currently trading around 112.01 marks.
   
• It made intraday high at 112.11 and low at 111.86 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 111.37 marks.
   
• A daily close above 111.90 will take the parity higher towards key resistances around 112.49, 113.50,  114.17, 114.88, 115.50, 117.21 and 118.18 levels respectively.
   
• On the other side, a sustained close below 111.90 will drag the parity down towards key supports around 111.37, 110.48, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan Oct 2017 industrial output prelim mm increase to 0.5 percent (forecast 1.9 percent) vs previous -1 percent
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• Japan Nov 2017 IP forecast 1 month ahead decrease to 2.8 percent vs previous 4.7 percent.
   
• Tokyo's Nikkei share average opens up 0.02 pct at 22,601.83.

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