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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 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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