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FxWirePro: Japanese yen trades marginally higher after industrial production, CPI data

  • USD/JPY is currently trading around 107.67 marks.
     
  • It made intraday high at 107.82 and low at 107.63 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 108.16 marks.
     
  • A daily close above 107.77 will take the parity higher towards key resistances around 108.14, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
     
  • On the other side, a sustained close below 107.77 will drag the parity down towards key supports around 107.10, 106.62, 105.25 and 104.00 levels respectively.
     
  • Japan May 2019 unemployment rate stays flat at 2.4 % (forecast 2.4 %) vs previous 2.4 %.
     
  • Japan June 2019 CPI, overall tokyo stays flat at 1.1 % vs previous 1.1 %.
     
  • Japan May 2019 industrial output prelim mm sa increase to 2.3 % (forecast 0.7 %) vs previous 0.6 %.
     
  • Tokyo's Nikkei share average opens down 0.26 pct at 21,282.22.
  • Market Data
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