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FxWirePro: Yen marginally lower in early hours of Asia as CPI, unemployment rate disappoint

  • USD/JPY is currently trading around 101.17 marks.
     
  • It made intraday high at 101.24 and low at 100.98 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 100.65 levels.
     
  • A daily close above 101.72 will take the parity higher towards key resistances around 102.65, 103.42, 104.13, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
     
  • On the other side, a sustained break below 100.65 will drag the parity down towards key supports at 100.30, 99.27 and 98.78 levels respectively.
     
  • Japan August unemployment rate increase to 3.1 % (forecast 3.0 %) vs previous 3.0 %.
     
  • Japan September CPI, overall Tokyo stays flat at -0.5 % vs previous -0.5 %.
     
  • Japan August all household spending mm decrease to -3.7 % (forecast -1 %) vs previous 2.5 %.
  • Market Data
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