FxWirePro: Japanese yen remains almost unchanged after national CPI, core CPI data
Friday, April 24, 2020 2:33 AM UTC
- 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.