FxWirePro: Yen falls on the back of lower than expected industrial production, retail sales data
USD/JPY is currently trading around 104.76 marks. It made intraday high at 104.93 and low at 104.40 levels. Intraday bias remains bullish till the time pair holds key support at 104.02 levels. A daily close above 104.99 …
It made intraday high at 104.93 and low at 104.40 levels.
Intraday bias remains bullish till the time pair holds key support at 104.02 levels.
A daily close above 104.99 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 104.02 will drag the parity down towards key supports around 103.52, 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
Japan September industrial output prelim mm decreases to 0.0 % (forecast 1.0 %) vs previous 1.3 %.
Japan September retail sales Y/Y increases to -1.9 % (forecast -1.8 %) vs previous -2.1 %.
Japan September IP forecast 1 month ahead decreases to 1.1 % vs previous 2.2 %.
Japan September IP forecast 2 month ahead increases to 2.1 % vs previous 1.2 %.
