FxWirePro: Japanese yen trades almost flat after industrial production, retail sales data
USD/JPY is currently trading around 107.36 marks. It made intraday high at 107.52 and low at 107.28 levels. Intraday bias remains neutral for the moment. A daily close above 107.32 will take the parity higher towards key…
It made intraday high at 107.52 and low at 107.28 levels.
Intraday bias remains neutral for the moment.
A daily close above 107.32 will take the parity higher towards key resistances around 107.90, 108.64, 110.32, 110.92, 111.87, 112.78, 113.75 and 114.17 levels respectively.
On the other side, a sustained close below 107.32 will drag the parity down towards key supports around 106.78, 106.11, 105.55, 104.96 and 103.34 levels respectively.
Japan Jan industrial output prelim m/m decrease to -6.6 % (forecast -4.2 %) vs previous 2.9 %.
Japan Jan retail sales y/y decrease to 1.6 % (forecast 2.1 %) vs previous 3.6 %.
Tokyo's Nikkei share average opens down 0.43 pct at 22,292.53.
Japan will release housing start and construction order data at 0500 GMT.
