FXstreet.com (Barcelona) - USD/JPY is back above the 79.00 mark, where it has been around since late May, last at 79.08, retreating from yesterday's highs at 79.18, the same weekly opening price. The pair is on the bounce recovering from Monday's lows at 78.68, after much worse than expected US retail sales came out.
Later in the session, 10 minutes before Tokyo opens, at 23:50 GMT, BoJ minutes will be released, which, in otherwise soft agenda for the Asian session, could bring some volatility to the markets. USD/JPY has been practically flat since the London session, within a 20 pips range 79.17/78.97.
Immediate resistance to the upside comes at yesterday's highs 79.19, followed by Monday's highs at 79.31, and July 09 lows at 79.42. For the downside, closest support shows at May 20 lows 78.88, followed by June 20 lows at 78.79, and Monday's lows at 78.68.
Later in the session, 10 minutes before Tokyo opens, at 23:50 GMT, BoJ minutes will be released, which, in otherwise soft agenda for the Asian session, could bring some volatility to the markets. USD/JPY has been practically flat since the London session, within a 20 pips range 79.17/78.97.
Immediate resistance to the upside comes at yesterday's highs 79.19, followed by Monday's highs at 79.31, and July 09 lows at 79.42. For the downside, closest support shows at May 20 lows 78.88, followed by June 20 lows at 78.79, and Monday's lows at 78.68.
