FxWirePro: Japanese yen strengthens in early Asia after mixed economic data
USD/JPY is currently trading around 109.40 marks. It made intraday high at 109.68 and low at 109.32 levels. Intraday bias remains bearish for the moment. A daily close above 109.58 will take the parity higher towards key…
It made intraday high at 109.68 and low at 109.32 levels.
Intraday bias remains bearish for the moment.
A daily close above 109.58 will take the parity higher towards key resistances around 110.42, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 109.58 will drag the parity down towards key supports around 109.30, 108.42, 107.84, 106.76 and 105.95 levels respectively.
Japan’s Tokyo core CPI y/y stands at 0.5 pct vs 0.7 pct previous release (expected 0.6).
Japan’s unemployment rate stands at 2.4 pct vs 2.2 pct previous release (expected 2.2).
Japan’s prelim industrial production m/m stands at 0.8 pct vs 1.2 pct previous release (expected 0.2).
Japan’s retail sales stands at -0.4 pct vs -2.6 pct previous release (expected -1.3 pct).
Japan’s Nikkei was trading 3.15 pct lower at 21,250.50 points.
