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

  • USD/JPY is currently trading around 107.63 marks.
     
  • It made intraday high at 107.76 and low at 107.55 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 107.91 mark.
     
  • A daily close above 107.91 will take the parity higher towards key resistances around 108.38, 109.18, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
     
  • On the other side, a sustained close below 107.56 will drag the parity down towards key supports around 107.21, 106.15, 105.85, 104.00, 102.35 and 100.98 levels respectively.
     
  • Japan’s national core CPI y/y stands at 0.4 pct vs 0.6 pct previous release (expected 0.4).
     
  • Japan’s SPPI stands y/y stands at 1.6 vs 2.1 previous release (expected 1.7 pct).
     
  • Japan’s Nikkei was trading 0.95 pct lower at 19,243.50 points.
  • Market Data
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