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FxWirePro: Japanese yen trades marginally lower after mixed economic data

USD/JPY is currently trading around 112.62 marks. It made intraday high at 112.64 and low at 112.25 levels. Intraday bias remains slightly bullish till the time pair holds key support at 112.20 marks. A daily close above…

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FxWirePro: Japanese yen trades marginally lower after mixed economic data
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  • USD/JPY is currently trading around 112.62 marks.
     
  • It made intraday high at 112.64 and low at 112.25 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 112.20 marks.
     
  • A daily close above 112.20 will take the parity higher towards key resistances around 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
     
  • On the other side, a sustained close below 112.20 will drag the parity down towards key supports around 111.57, 110.99, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan Sep CPI, overall Tokyo stays flat at 0.5 % vs previous 0.5 %.
     
  • Japan August unemployment rate stays flat at 2.8 % (forecast 2.8 %) vs previous 2.8 %.
     
  • Japan August all household spending m/m increase to 0.2 % (forecast -0.2 %) vs previous -1.9 %.
     
  • Japan August retail sales y/y decrease to 1.7 % (forecast 2.6 %) vs previous 1.8 % (revised from 1.9 %).
     
  • Japan August industrial output prelim mm increase to 2.1 % (forecast 1.9 %) vs previous -0.8 %.
     
  • Tokyo's Nikkei share average opens down 0.23 pct at 20,315.34.

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