FxWirePro: Japanese yen trades marginally lower as retail sales data fails to match expectations
USD/JPY is currently trading around 111.65 marks. It made intraday high at 111.66 and low at 111.39 levels. Intraday bias remains bullish till the time pair holds key support at 111.08 marks. A daily close above 111.46 w…
It made intraday high at 111.66 and low at 111.39 levels.
Intraday bias remains bullish till the time pair holds key support at 111.08 marks.
A daily close above 111.46 will take the parity higher towards key resistances around 112.49, 113.50, 114.17, 114.88, 115.50, 117.21 and 118.18 levels respectively.
On the other side, a sustained close below 111.46 will drag the parity down towards key supports around 111.08, 110.48, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Tokyo's Nikkei share average opens up 0.57 pct at 22,613.96.
Japan Oct 2017 retail sales y/y decrease to -0.2 percent (forecast -0.2 percent) vs previous 2.2 percent.
