FxWirePro: Japanese Yen gains in early Asia on robust core CPI data
USD/JPY is currently trading around 109.76 marks. It made intraday high at 109.79 and low at 109.55 levels. Today Japan released core CPI data with positive numbers at -0.3% m/m vs -0.4% m/m consensus forecast. Intraday …
It made intraday high at 109.79 and low at 109.55 levels.
Today Japan released core CPI data with positive numbers at -0.3% m/m vs -0.4% m/m consensus forecast.
Intraday bias remains neutral for the moment.
A sustained close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.
Alternatively, a sustained break below 109.41 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.
