FxWirePro: Japanese yen remains almost unchanged after CPI, core CPI data
Tuesday, October 29, 2019 1:40 AM UTC
- USD/JPY is currently trading around 108.98 marks.
- It made intraday high at 109.06 and low at 108.92 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 108.65 mark.
- A daily close above 108.93 will take the parity higher towards key resistances around 109.31, 109.62, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 108.38 will drag the parity down towards key supports around 107.84, 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
- Japan’s Nikkei was trading 0.50 pct higher at 22,982.50 points.
- Japan Tokyo core CPI y/y stands at 0.5 pct vs 0.5 pct previous release (expected 0.7).
- Japan Tokyo CPI y/y stands at 0.4 pct vs 0.4 pct previous release.
- Japan CPI m/m Ex food and energy stands at 0.3 pct vs -0.3 pct previous release.