FxWirePro: Japanese yen falls despite higher than expected industrial production, retail sales data
USD/JPY is currently trading around 108.45 marks. It made intraday high at 108.72 and low at 107.76 levels. Intraday bias remains bullish for the moment. A daily close above 107.75 will take the parity higher towards key…
It made intraday high at 108.72 and low at 107.76 levels.
Intraday bias remains bullish for the moment.
A daily close above 107.75 will take the parity higher towards key resistances around 108.72, 109.54, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 107.75 will drag the parity down towards key supports around 107.00, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s industrial production stands at 0.4 pct vs 1.0 pct previous release (expected 0.0 pct).
Japan’s retail sales stands at 1.7 pct vs -0.4 pct previous release (expected -1.5).
