FxWirePro: Japanese yen trades marginally higher despite lower than expected retail sales data
USD/JPY is currently trading around 110.11 marks. It made intraday high at 110.29 and low at 109.96 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 110.49 mark. A daily close abo…
It made intraday high at 110.29 and low at 109.96 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 110.49 mark.
A daily close above 110.26 will take the parity higher towards key resistances around 110.85, 111.40, 111.87, 112.56 and 113.44 levels respectively.
On the other side, a sustained close below 110.26 will drag the parity down towards key supports around 109.36, 108.34, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Tokyo's Nikkei share average opens down 0.34 pct at 22,195.19.
Japan May retail sales yy decreases to 0.6 (forecast 1.3) and previous 1.5.
