FxWirePro: Japanese yen trades marginally lower after industrial production, retail sales data
Thursday, April 30, 2020 3:10 AM UTC
- USD/JPY is currently trading around 106.70 marks.
- It made intraday high at 106.87 and low at 106.56 levels.
- Intraday bias remains neutral till the time pair holds key support at 106.60 mark.
- A daily close above 106.60 will take the parity higher towards key resistances around 107.21, 108.38, 109.18, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
- On the other side, a sustained close below 106.60 will drag the parity down towards key supports around 106.15, 105.85, 104.00, 102.35 and 100.98 levels respectively.
- Japan’s industrial production stands at -3.7 pct vs -0.3 pct previous release (expected -5.0).
- Japan’s retail sales stands at -4.6 vs 1.6 previous release (expected -4.6 pct).
- Japan’s Nikkei was trading 2.60 pct higher at 20,287.50 points.