FxWirePro: Japanese yen falls in early Asia after mixed economic data
Friday, January 31, 2020 1:16 AM UTC
- USD/JPY is currently trading around 109.07 marks.
- It made intraday high at 109.13 mark and low at 108.87 levels.
- Intraday bias remains slightly bullish for the moment.
- A daily close above 109.15 will take the parity higher towards key resistances around 109.65, 110.22, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 108.89 will drag the parity down towards key supports around 108.42, 107.84, 106.76, 105.95, 104.00 and 102.22 levels respectively.
- Japan’s Tokyo core CPI stands at 0.7 pct vs 0.8 pct previous release (expected 0.8).
- Japan’s unemployment rate stands at 2.2 pct vs 2.3 pct expected.
- Japan’s prelim industrial production m/m stands at 1.3 pct vs -1.0 pct previous release (expected 0.7).
- Japan’s retail sales stands at -2.6 pct vs -2.1 pct previous release (expected -1.7).
- Japan’s Nikkei was trading 1.77 pct higher at 23,385.55 points.
- Japan will release housing starts data around 0500 GMT.