FxWirePro: Japanese yen falls despite higher than expected industrial production, retail sales data
Tuesday, March 31, 2020 2:43 AM UTC
- USD/JPY is currently trading around 108.45 marks.
- It made intraday high at 108.72 and low at 107.76 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 107.75 will take the parity higher towards key resistances around 108.72, 109.54, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
- On the other side, a sustained close below 107.75 will drag the parity down towards key supports around 107.00, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
- Japan’s industrial production stands at 0.4 pct vs 1.0 pct previous release (expected 0.0 pct).
- Japan’s retail sales stands at 1.7 pct vs -0.4 pct previous release (expected -1.5).
- Japan’s unemployment rate remains unchanged 2.4 pct.
- Japan’s Nikkei was trading 0.55 pct higher at 19,189.50 points.