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FxWirePro: Japanese yen trades marginally lower as core CPI data misses expectations

USD/JPY is currently trading around 110.94 marks. It made intraday high at 110.97 and low at 110.70 levels. Intraday bias remains slightly bullish till the time pair holds key support at 110.35 mark. A daily close above …

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FxWirePro: Japanese yen trades marginally lower as core CPI data misses expectations
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  • USD/JPY is currently trading around 110.94 marks.
     
  • It made intraday high at 110.97 and low at 110.70 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 110.35 mark.
     
  • A daily close above 110.75 will take the parity higher towards key resistances around 111.26, 111.87, 112.56 and 113.44 levels respectively.
     
  • On the other side, a sustained close below 110.75 will drag the parity down towards key supports around 109.82, 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
     
  • Japan April CPI, core nationwide y/y decrease to 0.7 % (forecast 0.8 %) vs previous 0.9 %.
     
  • Japan April CPI, overall nationwide decrease to 0.6 % vs previous 1.1 %.
     
  • Japan April CPI index excluding fresh food increase to 100.9 vs previous 100.6.

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