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FxWirePro: USD/JPY hovers around 112.00 mark after robust retail sales, household spending data

  • USD/JPY is currently trading around 111.98 marks.
     
  • It made intraday high at 112.24 and low at 111.62 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 111.35 levels.
     
  • A daily close above 112.58 will take the parity higher towards key resistances around 112.58, 113.89, 114.55, 115.32 and 117.25 levels respectively.
     
  • On the other side, a sustained break below 111.35 will drag the parity down towards key supports around 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s October jobs/applicants ratio increase to 1.40 (forecast 1.39) vs previous 1.38.
     
  • Japan’s October unemployment rate stays flat at 3.0 % (forecast 3.0 %) vs previous 3.0 %.
     
  • Japan’s October all household spending y/y increase to -0.4 % (forecast -0.6 %) vs previous -2.1 %.
     
  • Japan’s October all household spending m/m decrease to -1 % (forecast 0.1 %) vs previous 2.8 %.
     
  • Japan’s October retail sales y/y increase to -0.1 % (forecast -1.2 %) vs previous -1.9 %.
  • Market Data
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