FxWirePro: Yen falls on the back of lower than expected industrial production, retail sales data
Monday, October 31, 2016 1:14 AM UTC
- 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 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 %.