FxWirePro: Japanese yen trades flat despite lower than expected retail sales, industrial production data
Thursday, February 28, 2019 1:25 AM UTC
- USD/JPY is currently trading around 110.86 marks.
- It made intraday high at 110.99 and low at 110.81 levels.
- Intraday bias remains neutral till the time pair moves in stiff boundaries from 111.05 to 110.45 marks.
- A daily close above 111.05 will take the parity higher towards key resistances around 111.36, 112.60 and 113.98 levels respectively.
- On the other side, a sustained close below 110.45 will drag the parity down towards key supports around 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan Jan 2019 industrial output prelim mm sa decrease to -3.7 % (forecast -2.5 %) vs prev -0.1 %.
- Japan Jan 2019 retail sales yy decrease to 0.6 % (forecast 1.1 %) vs previous 1.3 %.
- Tokyo's Nikkei share average opens down 0.09 pct at 21,536.55.