- USD/JPY is currently trading around 102.40 marks.
- It made intraday high at 102.77 and low at 102.28 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 102.84 marks.
- A sustained break below 101.55 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.
- Alternatively, a daily close above 102.85 is required to take the parity higher towards key resistances around 103.45, 104.80, 106.12 and 107.46 levels respectively.
- Japan may retail sales y/y decrease to -1.9 % (forecast -1.6 %) vs previous -0.8 %.
The material has been provided by InstaForex Company – www.instaforex.com