Took Support From the 116,00 Level / USDJPY / 15/01/2015 09:56:45Yesterday retail sales stay remained below expected and decreased compare to the previous month in the US side. The USDJPY pair moved downward due to both negative US data and risk sense continues to rise on a global basis.
Today jobless claims, PPI and Philadelphia FED manufacturing index data will be followed by the markets. Especially...
PPI data should be followed carefully by the investors.
Technically in case of the pair staying below the 118,00 resistance level, then the 117,60 and the 117,00 level would be aimed. But in case of the pair breaking the 118,00 resistance level, then the 118,60 and the 119,25 level can be targeted.