FxWirePro: Japanese yen marginally lower after Tokyo core CPI, household spending data
USD/JPY is currently trading around 117.25 marks. It made intraday high at 117.33 and low at 117.04 levels. Intraday bias remains neutral for the moment. A daily close above 117.97 will take the parity higher towards key…
It made intraday high at 117.33 and low at 117.04 levels.
Intraday bias remains neutral for the moment.
A daily close above 117.97 will take the parity higher towards key resistances around 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 117.00 will drag the parity down towards key supports around 116.54, 114.77, 113.98, 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s December CPI core Tokyo y/y decreases to -0.6 % (forecast -0.4 %) vs previous -0.4 %.
Japan’s Nov CPI, core nationwide y/y stays flat at -0.4 % (forecast -0.3 %) vs previous -0.4 %.
Japan’s Nov unemployment rate increases to 3.1 % (forecast 3.0 %) vs previous 3.0 %.
Japan’s Nov all household spending y/y decreases to -1.5 % (forecast 0.2 %) vs previous -0.4 %.
Japan’s Nov CPI index stays flat at 100.4 vs previous 100.4.
Japan will release construction orders and housing starts data at 0500 GMT.
