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FxWirePro: Japanese yen trades marginally higher on robust CPI, core CPI data

USD/JPY is currently trading around 111.00 marks. It made intraday high at 111.24 and low at 110.95 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 111.54 mark. A daily close abo…

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FxWirePro: Japanese yen trades marginally higher on robust CPI, core CPI data
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  • USD/JPY is currently trading around 111.00 marks.
     
  • It made intraday high at 111.24 and low at 110.95 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 111.54 mark.
     
  • A daily close above 110.97 will take the parity higher towards key resistances around 111.54, 112.62, 113.20, 114.73 and 115.90 levels respectively.
     
  • On the other side, a sustained close below 110.97 will drag the parity down towards key supports around 110.28, 109.96, 109.36 and 108.34 levels respectively.
     
  • Japan July 2018 CPI core Tokyo yy increase to 0.8 (forecast 0.7, previous 0.7 ).
     
  • Japan July 2018 CPI, overall Tokyo increase to 0.9 (forecast 0.5, previous 0.6).
     
  • Tokyo's Nikkei share average opens up 0.26 pct at 22,646.48.

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