FxWirePro: Japanese yen falls on the back of lower than expected industrial production data
USD/JPY is currently trading around 110.57 marks. It made intraday high at 110.59 and low at 110.16 levels. Intraday bias remains bullish till the time pair holds key support at 109.54 marks. A daily close above 110.22 w…
It made intraday high at 110.59 and low at 110.16 levels.
Intraday bias remains bullish till the time pair holds key support at 109.54 marks.
A daily close above 110.22 will take the parity higher towards key resistances around 110.82, 112.07, 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 110.22 will drag the parity down towards key supports around 109.54, 108.13, 107.44, 106.72, 106.03 and 104.96 levels respectively.
Japan July industrial output prelim mm decrease to -0.8 % (forecast -0.5 %) vs previous 2.2 %.
Japan September IP forecast 2 month ahead decreases to -3.1 % vs previous 3.6 %.
