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FxWirePro: Japanese yen remains almost unchanged after retail sales data

  • USD/JPY is currently trading around 107.70 marks.
     
  • It made intraday high at 107.79 and low at 107.66 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 107.78 marks.
     
  • A daily close above 107.78 will take the parity higher towards key resistances around 108.14, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
     
  • On the other side, a sustained close below 107.16 will drag the parity down towards key supports around 106.62, 105.25 and 104.00 levels respectively.
     
  • Japan May 2019 retail sales yy increase to 1.2 % (forecast 1.2 %) vs previous 0.4 % (revised from 0.5 %).
     
  • Tokyo's Nikkei share average opens up 0.33 pct at 21,156.88.
By Aarti Panchal
  • Market Data
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