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FxWirePro: Japanese yen falls in early Asia after mixed economic data

  • USD/JPY is currently trading around 109.07 marks.
     
  • It made intraday high at 109.13 mark and low at 108.87 levels.
     
  • Intraday bias remains slightly bullish for the moment.
     
  • A daily close above 109.15 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 Tokyo core CPI stands at 0.7 pct vs 0.8 pct previous release (expected 0.8).
     
  • Japan’s unemployment rate stands at 2.2 pct vs 2.3 pct expected.
     
  • Japan’s prelim industrial production m/m stands at 1.3 pct vs -1.0 pct previous release (expected 0.7).
     
  • Japan’s retail sales stands at -2.6 pct vs -2.1 pct previous release (expected -1.7).
     
  • Japan’s Nikkei was trading 1.77 pct higher at 23,385.55 points.
     
  • Japan will release housing starts data around 0500 GMT.
  • Market Data
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