FxWirePro: Japanese yen trades almost flat after retail sales data
USD/JPY is currently trading around 106.85 marks. It made intraday high at 106.93 and low at 106.76 levels. Intraday bias remains neutral till the time pair holds key resistane at 107.02 mark. A daily close above 106.84 …
It made intraday high at 106.93 and low at 106.76 levels.
Intraday bias remains neutral till the time pair holds key resistane at 107.02 mark.
A daily close above 106.84 will take the parity higher towards key resistances around 107.77, 108.64, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 106.84 will drag the parity down towards key supports around 105.32, 104.63, 103.34, 102.58 and 101.98 levels respectively.
Japan Feb retail sales y/y increase to 1.6 % (forecast 1.7 %) vs previous 1.5 % (revised from 1.6 %).
Tokyo's Nikkei share average opens up 1.04 pct at 21,250.96.
