FxWirePro: Japanese yen falls on the back of lower than expected retail sales data
USD/JPY is currently trading around 111.14 marks. It made intraday high at 111.24 and low at 111.03 levels. Intraday bias remains bullish till the time pair holds key support at 110.17 marks. A daily close above 111.13 w…
It made intraday high at 111.24 and low at 111.03 levels.
Intraday bias remains bullish till the time pair holds key support at 110.17 marks.
A daily close above 111.13 will take the parity higher towards key resistances around 111.80, 112.86, 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 111.13 will drag the parity down towards key supports around 110.17, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s February retail sales y/y decrease to 0.1 % (forecast 0.5 %) vs previous 1.0 %.
