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FxWirePro: Japanese yen marginally lower as Japan’s retail sales data fails to meet expectations

  • USD/JPY is currently trading around 114.67 marks.
     
  • It made intraday high at 114.95 and low at 114.57 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 115.06 will take the parity higher towards key resistances around 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
     
  • On the other side, a sustained close below 115.06 will drag the parity down towards key supports around 114.39, 113.70, 113.05, 112.52, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s December retail sales y/y decreases to 0.6 % (forecast 1.3 %) vs previous 1.7 %.
     
  • Tokyo's Nikkei share average opens down 0.49 pct at 19,371.28.
  • Market Data
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