FxWirePro: Japanese yen trades flat after BOJ’s monetary policy meeting minutes, Tokyo core CPI data
Friday, May 1, 2020 2:04 AM UTC
- USD/JPY is currently trading around 107.13 marks.
- It made intraday high at 107.40 and low at 107.02 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 107.40 mark.
- A daily close above 107.40 will take the parity higher towards key resistances around 107.91, 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 107.13 will drag the parity down towards key supports around 106.60, 105.85, 104.00, 102.35 and 100.98 levels respectively.
- Japan’s Tokyo CPI y/y stands at 0.2 pct vs 0.4 pct previous release.
- Japan’s Tokyo core CPI y/y stands at -0.1 vs 0.4 previous release (expected 0.1 pct).
- Japan’s Nikkei was trading 2.15 pct lower at 19,777.50 points.