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FxWirePro: Japanese yen trades marginally lower after CSPI data, BOJ’s core CPI data in focus

USD/JPY is currently trading around 108.99 marks. It made intraday high at 109.00 mark and low at 108.81 levels. Intraday bias remains slightly bullish for the moment. A daily close above 108.89 will take the parity high…

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FxWirePro: Japanese yen trades marginally lower after CSPI data, BOJ’s core CPI data in focus
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  • USD/JPY is currently trading around 108.99 marks.
     
  • It made intraday high at 109.00 mark and low at 108.81 levels.
     
  • Intraday bias remains slightly bullish for the moment.
     
  • A daily close above 108.89 will take the parity higher towards key resistances around 109.65, 110.22, 110.70, 111.44 and 112.40 levels respectively.
     
  • On the other side, a sustained close below 108.89 will drag the parity down towards key supports around 108.42, 107.84, 106.76, 105.95, 104.00 and 102.22 levels respectively.
     
  • Japan’s CSPI (Corporate Services Price Index) remains unchanged at 2.1 pct.
     
  • Japan’s Nikkei was trading 0.86 pct lower at 23,142.50 points.
     
  • Japan will release core CPI y/y data around 0500 GMT.

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