FxWirePro: USD/JPY exhibits range bound movement after mixed data from Japan
USD/JPY is currently trading around 117.61 marks. It made intraday high at 117.66 and low at 117.37 levels. Intraday bias remains slightly bullish for the moment. A daily close above 117.97 will take the parity higher to…
It made intraday high at 117.66 and low at 117.37 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 117.97 will take the parity higher towards key resistances around 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 117.00 will drag the parity down towards key supports around 116.54, 114.77, 113.98, 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s November industrial output prelim mm increase to 1.5 % (forecast 1.6 %) vs previous 0.0 %.
Japan’s November retail sales y/y increase to 1.7 % vs previous -0.1 %.
Japan’s November industrial production forecast 1 month ahead decreases to 2 % vs previous 4.5 %.
Japan’s November industrial production forecast 2 month ahead increases to 2.2 % vs previous -0.6 %.
