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FxWirePro: Japanese yen strengthens in early Asia after CPI, core CPI data

  • USD/JPY is currently trading around 108.34 marks.
     
  • It made intraday high at 109.71 and low at 108.30 levels.
     
  • Intraday bias remains bearish for the moment.
     
  • A daily close above 109.54 will take the parity higher towards key resistances around 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
     
  • On the other side, a sustained close below 109.54 will drag the parity down towards key supports around 107.00, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
     
  • Japan’s Tokyo core CPI stands at 0.4 pct vs 0.5 pct previous release (expected 0.4 pct).
     
  • Japan’s Tokyo CPI stands at 0.4 pct vs 0.4 pct previous release.
     
  • Japan’s Nikkei was trading 1.40 pct higher at 18,927.50 points.
  • Market Data
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