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FxWirePro: Japanese yen falls on the back of lower than expected retail sales data

  • USD/JPY is currently trading around 101.35 marks.
     
  • It made intraday high at 101.40 and low at 100.65 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 100.30 levels.
     
  • A daily close above 101.72 will take the parity higher towards key resistances around 102.65, 103.42, 104.13, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
     
  • On the other side, a sustained break below 100.30 will drag the parity down towards key supports at 99.27 and 98.78 levels respectively.
     
  • Japan’s August retail sales y/y decreases to -2.1 % (forecast -1.8 %) vs previous -0.2 %.
  • Market Data
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