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FxWirePro: Japanese yen trades marginally higher after CPI, core CPI

  • USD/JPY is currently trading around 107.72 marks.
     
  • It made intraday high at 107.85 and low at 107.66 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 107.83 mark.
     
  • A daily close above 107.83 will take the parity higher towards key resistances around 108.38, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
     
  • On the other side, a sustained close below 107.04 will drag the parity down towards key supports around 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
     
  • Japan’s Nikkei was trading 1.38 pct lower at 21,750.45 points.
     
  • Japan Sept core CPI y/y 0.5 pct vs 0.7 pct previous release (expected 0.6 pct).
     
  • Japan Sept CPI y/y 0.4 pct vs 0.6 pct previous release.
  • Market Data
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