FxWirePro: Yen falls in early hours of Asia on the back of lower than expected industrial production data release
USD/JPY is currently trading around 103.09 marks. It made intraday high at 103.15 and low at 102.86 levels. Intraday bias remains bullish till the time pair holds key support at 101.97 levels. A daily close above 103.39 …
It made intraday high at 103.15 and low at 102.86 levels.
Intraday bias remains bullish till the time pair holds key support at 101.97 levels.
A daily close above 103.39 will take the parity higher towards key resistances around 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 101.97 will drag the parity down towards key supports at 101.23, 100.48, 99.99, 99.27 and 98.78 levels respectively.
Japan July industrial output prelim m/m decrease to 0.0 % (forecast 0.8 %) vs previous 2.3%.
Japan July industrial production forecast 1 month ahead increases to 4.1 % vs previous 2.4%.
Japan July industrial production forecast 2 month ahead decreases to -0.7 % vs previous 2.3%.
