FxWirePro: Japanese yen strengthens on robust core CPI data, hits highest level since November 2016
USD/JPY is currently trading around 104.95 marks. It made intraday high at 105.40 and low at 104.63 levels. Intraday bias remains bearish till the time pair holds key resistane at 106.10 mark. A daily close above 105.27 …
It made intraday high at 105.40 and low at 104.63 levels.
Intraday bias remains bearish till the time pair holds key resistane at 106.10 mark.
A daily close above 105.27 will take the parity higher towards key resistances around 106.10, 106.60, 107.32, 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 105.27 will drag the parity down towards key supports around 104.63, 103.34, 102.58 and 101.98 levels respectively.
Japan Feb CPI, core nationwide y/y increase to 1 % (forecast 1 %) vs previous 0.9 %.
Japan Feb CPI, overall nationwide increase to 1.5 % vs previous 1.4 %.
Tokyo's Nikkei share average opens down 1.87 pct at 21,188.80.
Tokyo's Nikkei share average extends fall, down 3.00 pct.
Japan's nikkei share average falls to lowest since mid - October.
