FOREX TECHNICAL & NEWS ANALYSIS:WILL PPI DATA HELP USD

Still now JPY is stronger against USD. The USD retail sales and all other USD economic data yesterday could not give a bullish trend to USD/JPY. Today the JPY industrial data came lower than expected. But JPY did not become weaker against USD.

Chinese industrial production data strengthen the JPY. It is also suspected that the Ukrainian Crisis protesting dollars to perform naturally. Yesterday so many better economic events could not boost dollar. Now traders waiting for USD PPI data and Michigan Consumer Sentiment. USD/JPY technically on sound position near support,101.200.