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 w…
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.
