FxWirePro: Japanese yen trades flat after industrial production, retail sales data
USD/JPY is currently trading around 106.42 marks. It made intraday high at 106.54 and low at 106.38 levels. Intraday bias remains neutral till the time pair holds key resistance at 106.73 mark. A daily close above 106.73…
It made intraday high at 106.54 and low at 106.38 levels.
Intraday bias remains neutral till the time pair holds key resistance at 106.73 mark.
A daily close above 106.73 will take the parity higher towards key resistances around 107.85, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 105.35 will drag the parity down towards key supports around 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 1.01 pct higher at 20,668.48 points.
Japan Tokyo core CPI y/y at 0.7 pct vs 0.9 pct previous release (expected 0.8 pct).
Japan unemployment rate at 2.2 pct vs 2.3 pct previous release.
Japan Prelim industrial production m/m 1.3 pct vs -3.3 previous release.
Japan retail sales y/y -2.0 pct vs 0.5 pct previous release.
