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FxWirePro: Japanese yen marginally lower after mixed economic data from Japan

  • USD/JPY is currently trading around 112.08 marks.
     
  • It made intraday high at 112.15 and low at 111.70 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 111.92 will take the parity higher towards key resistances around 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
     
  • On the other side, a sustained close below 111.92 will drag the parity down towards key supports around 110.93, 110.17, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan’s February CPI, core nationwide y/y increase to 0.2 % (forecast 0.2 %) vs previous 0.1 %.
     
  • Japan’s February CPI, overall nationwide decrease to 0.3 % vs previous 0.4 %.
     
  • Japan’s February unemployment rate decrease to 2.8 % (forecast 3.0 %) vs previous 3.0 %.
     
  • Japan’s February industrial output prelim mm increase to 2 % (forecast 1.2 %) vs previous -0.4 %.
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