FxWirePro: Japanese yen trades marginally lower after industrial production, retail sales data
USD/JPY is currently trading around 106.70 marks. It made intraday high at 106.87 and low at 106.56 levels. Intraday bias remains neutral till the time pair holds key support at 106.60 mark. A daily close above 106.60 wi…
It made intraday high at 106.87 and low at 106.56 levels.
Intraday bias remains neutral till the time pair holds key support at 106.60 mark.
A daily close above 106.60 will take the parity higher towards key resistances around 107.21, 108.38, 109.18, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 106.60 will drag the parity down towards key supports around 106.15, 105.85, 104.00, 102.35 and 100.98 levels respectively.
Japan’s industrial production stands at -3.7 pct vs -0.3 pct previous release (expected -5.0).
Japan’s retail sales stands at -4.6 vs 1.6 previous release (expected -4.6 pct).
Japan’s Nikkei was trading 2.60 pct higher at 20,287.50 points.
