FxWirePro: USD/JPY exhibits range bound movement after mixed data from Japan
Wednesday, December 28, 2016 1:25 AM UTC
- 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 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 %.