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 …
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 %.
