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FxWirePro: Yen hits lowest level since late March after Japan’s core CPI data

Friday, November 25, 2016 12:58 AM UTC

USD/JPY is currently trading around 113.67 marks.
It made intraday high at 113.79 and low at 113.18 levels.
Intraday bias remains bullish till the time pair holds key support at 112.35 levels.
A daily close above 113.30 will take the parity higher towards key resistances around 114.55, 115.32 and 117.25 levels respectively.
On the other side, a sustained break below 113 will drag the parity down towards key supports around 112.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s November CPI, overall Tokyo increase to 0.5 % vs previous 0.1 %.
Japan’s November CPI core Tokyo y/y stays flat at -0.4 % (forecast -0.4 %) vs previous -0.4 %.
Japan’s October CPI, overall nationwide increase to 0.1 % vs previous -0.5 %.

Japan’s Oct CPI, core nationwide y/y increase to -0.4 % (forecast -0.4 %) vs previous -0.5 %.

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FxWirePro: Yen hits lowest level since late March after Japan’s core CPI data

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