FxWirePro: Japanese yen trades marginally lower after CPI, core CPI data
Friday, March 29, 2019 1:42 AM UTC
- USD/JPY is currently trading around 110.82 marks.
- It made intraday high at 110.93 and low at 110.53 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 110.45 mark.
- A daily close above 110.60 will take the parity higher towards key resistances around 111.70, 112.60, 113.98, 114.54 and 115.24 levels respectively.
- On the other side, a sustained close below 110.61 will drag the parity down towards key supports around 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan March 2019 CPI Tokyo ex fresh food yy stays flat at 1.1 % (forecast 1.1 %) vs prev 1.1 %.
- Japan Feb 2019 unemployment rate decrease to 2.3 % (fcast 2.5 %) vs previous 2.5 %.
- Japan Feb 2019 industrial output prelim mm sa increase to 1.4 % (forecast 1 %) vs previous -3.4 %.
- Tokyo's Nikkei share average opens up 0.93 pct at 21,228.51.