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FxWirePro: Japanese yen remains almost unchanged after CPI, core CPI data

  • USD/JPY is currently trading around 109.32 marks.
     
  • It made intraday high at 109.40 mark and low at 109.29 levels.
     
  • Intraday bias remains neutral till the time pair holds key support at 109.31 mark.
     
  • A daily close above 109.54 will take the parity higher towards key resistances around 109.72, 110.70, 111.44 and 112.40 levels respectively.
     
  • On the other side, a sustained close below 109.31 will drag the parity down towards key supports around 108.87, 108.40, 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
     
  • Japan’s Nikkei was trading 0.40 pct lower at 23,768.50 points.
     
  • Japan’s national CPI y/y stands at 0.5 pct vs 0.2 pct previous release.
     
  • Japan’s national core CPI y/y stands at 0.5 pct vs 0.4 pct previous release (expected 0.5 pct).
  • Market Data
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