FxWirePro: Japanese yen falls in early Asia after mixed economic data
USD/JPY is currently trading around 109.07 marks. It made intraday high at 109.13 mark and low at 108.87 levels. Intraday bias remains slightly bullish for the moment. A daily close above 109.15 will take the parity high…
It made intraday high at 109.13 mark and low at 108.87 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 109.15 will take the parity higher towards key resistances around 109.65, 110.22, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 108.89 will drag the parity down towards key supports around 108.42, 107.84, 106.76, 105.95, 104.00 and 102.22 levels respectively.
Japan’s Tokyo core CPI stands at 0.7 pct vs 0.8 pct previous release (expected 0.8).
Japan’s unemployment rate stands at 2.2 pct vs 2.3 pct expected.
Japan’s prelim industrial production m/m stands at 1.3 pct vs -1.0 pct previous release (expected 0.7).
Japan’s retail sales stands at -2.6 pct vs -2.1 pct previous release (expected -1.7).
Japan’s Nikkei was trading 1.77 pct higher at 23,385.55 points.
Japan will release housing starts data around 0500 GMT.
