FxWirePro: Japanese yen trades marginally lower despite robust retail sales data
USD/JPY is currently trading around 113.74 marks. It made intraday high at 113.83 and low at 113.66 levels. Intraday bias remains neutral till the time pair holds key support at 113.63 marks. A daily close above 113.63 w…
It made intraday high at 113.83 and low at 113.66 levels.
Intraday bias remains neutral till the time pair holds key support at 113.63 marks.
A daily close above 113.63 will take the parity higher towards key resistances around 114.45, 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 113.63 will drag the parity down towards key supports around 113.24, 112.51, 111.99, 111.47, 110.99, 109.88, 108.12, 107.32, 106.72, 106.03 and 104.96 levels respectively.
Tokyo's Nikkei share average opens up 0.18 pct at 22,047.95.
Japan Sep retail sales y/y increase to 2.2 % (forecast 2.5 %) vs previous 1.8 %.
