FxWirePro: Japanese yen remains almost unchanged after CPI, industrial production data
Friday, November 29, 2019 1:04 AM UTC
- USD/JPY is currently trading around 109.52 marks.
- It made intraday high at 109.60 mark and low at 109.49 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 109.52 mark.
- A daily close above 109.52 will take the parity higher towards key resistances around 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 109.52 will drag the parity down towards key supports around 109.00, 108.24, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
- Japan’s Nikkei was trading 0.19 pct higher at 23,454.50 points.
- Japan’s core CPI data stands at 0.6 pct vs 0.5 pct previous release (expected 0.6).
- Japan’s unemployment rate stands at 2.4 pct vs 2.4 pct previous release (expected 2.4).
- Japan’s industrial production stands at -4.2 pct vs 1.7 pct previous release (expected -2.0).