FxWirePro: Japanese yen strengthens in early Asia after CPI, core CPI data
USD/JPY is currently trading around 108.34 marks. It made intraday high at 109.71 and low at 108.30 levels. Intraday bias remains bearish for the moment. A daily close above 109.54 will take the parity higher towards key…
It made intraday high at 109.71 and low at 108.30 levels.
Intraday bias remains bearish for the moment.
A daily close above 109.54 will take the parity higher towards key resistances around 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
On the other side, a sustained close below 109.54 will drag the parity down towards key supports around 107.00, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
Japan’s Tokyo core CPI stands at 0.4 pct vs 0.5 pct previous release (expected 0.4 pct).
Japan’s Tokyo CPI stands at 0.4 pct vs 0.4 pct previous release.
Japan’s Nikkei was trading 1.40 pct higher at 18,927.50 points.
