FxWirePro: Yen gains in early hours of Asia on robust retail sales data release
USD/JPY is currently trading around 101.90 marks. It made intraday high at 102.01 and low at 101.75 levels. Intraday bias remains bearish till the time pair holds key resistance at 102.65 levels. A daily close above 102.…
It made intraday high at 102.01 and low at 101.75 levels.
Intraday bias remains bearish till the time pair holds key resistance at 102.65 levels.
A daily close above 102.38 will take the parity higher towards key resistances around 102.83, 103.39, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 101.23 will drag the parity down towards key supports at 100.48, 99.99, 99.27 and 98.78 levels respectively.
Japan July retail sales y/y increase to -0.2 % (forecast -0.9 %) vs previous -1.4 %.
Japan July all household spending m/m increase to 2.5 % (forecast 1.1 %) vs previous -1.1 %.
Japan July unemployment rate decrease to 3.0 % (forecast 3.1 %) vs previous 3.1 %.
