FxWirePro: Japanese yen trades flat after industrial production, retail sales data
Friday, August 30, 2019 2:04 AM UTC
- 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 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.