FxWirePro: Japanese yen trades marginally higher after retail sales data
USD/JPY is currently trading around 108.46 marks. It made intraday high at 108.69 and low at 108.45 levels. Intraday bias remains slightly bearish for the moment. A daily close above 108.85 will take the parity higher to…
It made intraday high at 108.69 and low at 108.45 levels.
Intraday bias remains slightly bearish for the moment.
A daily close above 108.85 will take the parity higher towards key resistances around 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 108.18 will drag the parity down towards key supports around 107.16, 106.62, 105.25 and 104.00 levels respectively.
Japan June retail sales at 0.5 pct y/y vs 1.3 pct previous release (expected 0.2 pct).
Japan’s Nikkei was trading 0.61 pct lower at 21,526.50 points.
