FxWirePro: Japanese yen strengthens on robust core CPI data, hits highest level since November 2016

• USD/JPY is currently trading around 104.95 marks.
   
• It made intraday high at 105.40 and low at 104.63 levels.
   
• Intraday bias remains bearish till the time pair holds key resistane at 106.10 mark.
   
• A daily close above 105.27 will take the parity higher towards key resistances around 106.10, 106.60, 107.32, 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
   
• On the other side, a sustained close below 105.27 will drag the parity down towards key supports around 104.63, 103.34, 102.58 and 101.98 levels respectively.
   
• Japan Feb CPI, core nationwide y/y increase to 1 % (forecast 1 %) vs previous 0.9 %.
   
• Japan Feb CPI, overall nationwide increase to 1.5 % vs previous 1.4 %.
   
• Tokyo's Nikkei share average opens down 1.87 pct at 21,188.80.
   
• Tokyo's Nikkei share average extends fall, down 3.00 pct.
   
• Japan's nikkei share average falls to lowest since mid - October.

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