USDJPY / 11/12/2014 09:51:00 188,60 Level is ImportantYesterday Japan PPI data stay remained above expectations in the Asian session. The pair moved downward throughout the day due to dollar index decline.
Today retail sales and jobless claims will be announced in the US side.
Technically in case of the pair staying below the 118,60 resistance level, then the 117,60 and the 117,00 level would be aimed. However in case of the pair breaking the 118,60 resistance level with the strong US data, then the 119,00 and the 120,00 level can be targeted.