FxWirePro: Japanese yen strengthens in early hours of Asia on robust retail sales data
USD/JPY is currently trading around 110.84 marks. It made intraday high at 111.29 and low at 110.77 levels. Intraday bias remains bearish till the time pair holds key resistance at 111.46 marks. A daily close above 111.2…
It made intraday high at 111.29 and low at 110.77 levels.
Intraday bias remains bearish till the time pair holds key resistance at 111.46 marks.
A daily close above 111.25 will take the parity higher towards key resistances around 111.84, 112.62, 113.79, 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 111.25 will drag the parity down towards key supports around 110.23, 109.60, 108.32, 106.72, 106.03 and 104.96 levels respectively.
Japan’s April jobs/applicants ratio increase to 1.48 (forecast 1.46) vs previous 1.45.
Japan’s April unemployment rate stays flat at 2.8 % (forecast 2.8 %) vs previous 2.8 %.
Japan’s April all household spending m/m increase to 0.5 % (forecast 1.1 %) vs previous -2 %.
Japan’s April retail sales y/y increase to 3.2 % (forecast 2.3 %) vs previous 2.1 %.
