FxWirePro: Yen gains in early hours of Asia on robust retail sales data release
Tuesday, August 30, 2016 1:19 AM UTC
- 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 102.38 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 %.