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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 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.
  • Market Data
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