FxWirePro: Japanese yen trades flat despite lower than expected retail sales, industrial production data
USD/JPY is currently trading around 110.86 marks. It made intraday high at 110.99 and low at 110.81 levels. Intraday bias remains neutral till the time pair moves in stiff boundaries from 111.05 to 110.45 marks. A daily …
It made intraday high at 110.99 and low at 110.81 levels.
Intraday bias remains neutral till the time pair moves in stiff boundaries from 111.05 to 110.45 marks.
A daily close above 111.05 will take the parity higher towards key resistances around 111.36, 112.60 and 113.98 levels respectively.
On the other side, a sustained close below 110.45 will drag the parity down towards key supports around 109.42, 108.49, 107.65 and 105.25 levels respectively.
Japan Jan 2019 industrial output prelim mm sa decrease to -3.7 % (forecast -2.5 %) vs prev -0.1 %.
Japan Jan 2019 retail sales yy decrease to 0.6 % (forecast 1.1 %) vs previous 1.3 %.
Tokyo's Nikkei share average opens down 0.09 pct at 21,536.55.
