FxWirePro: Japanese yen falls on the back of lower than expected retail sales data
Thursday, September 29, 2016 1:38 AM UTC
- 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 %.