FxWirePro: USD/JPY trades flat in Asia after mixed data from Japan
USD/JPY is currently trading around 112.58 marks. It made intraday high at 112.82 and low at 112.44 levels. Intraday bias remains neutral till the time pair holds key support at 111.91 marks. A daily close above 112.70 w…
It made intraday high at 112.82 and low at 112.44 levels.
Intraday bias remains neutral till the time pair holds key support at 111.91 marks.
A daily close above 112.70 will take the parity higher towards key resistances around 113.50, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 112.70 will drag the parity down towards key supports around 111.91, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s January industrial output prelim mm decreases to -0.8 % (forecast 0.3 %) vs previous 0.7 %.
Japan’s January retail sales y/y increase to 1 % (forecast 0.9 %) vs previous 0.6 %.
