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FxWirePro: Japanese yen falls on the back of lower than expected retail sales data

  • USD/JPY is currently trading around 111.14 marks.
     
  • It made intraday high at 111.24 and low at 111.03 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 110.17 marks.
     
  • A daily close above 111.13 will take the parity higher towards key resistances around 111.80, 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
     
  • On the other side, a sustained close below 111.13 will drag the parity down towards key supports around 110.17, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s February retail sales y/y decrease to 0.1 % (forecast 0.5 %) vs previous 1.0 %.
  • Market Data
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