FxWirePro: Japanese yen depreciates in early Asia as Tokyo core CPI data misses expectations
USD/JPY is currently trading around 109.55 marks. It made intraday high at 109.56 and low at 109.13 levels. Intraday bias remains bullish till the time pair holds key support at 108.95 marks. A daily close above 109.24 w…
It made intraday high at 109.56 and low at 109.13 levels.
Intraday bias remains bullish till the time pair holds key support at 108.95 marks.
A daily close above 109.24 will take the parity higher towards key resistances around 110.10, 111.40, 111.87, 112.56 and 113.44 levels respectively.
On the other side, a sustained close below 109.24 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Japan May CPI, overall Tokyo decrease to 0.4 % vs previous 0.5 %.
Japan May CPI core Tokyo y/y decrease to 0.5 % (forecast 0.6 %) vs previous 0.6 %.
Tokyo's Nikkei share average opens down 0.25 pct at 22,380.22.
