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FxWirePro: Japanese yen trades marginally lower after CPI, manufacturing PMI data

  • USD/JPY is currently trading around 108.66 marks.
     
  • It made intraday high at 108.70 mark and low at 108.55 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key supports at 108.40 mark.
     
  • A daily close above 108.74 will take the parity higher towards key resistances around 109.62, 110.70, 111.44 and 112.40 levels respectively.
     
  • On the other side, a sustained close below 108.40 will drag the parity down towards key supports around 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
     
  • Japan’s Nikkei was trading 0.55 pct higher at 23,161.50 points.
     
  • Japan’s core CPI data stands at 0.4 pct vs 0.3 pct previous release (expected 0.4).
     
  • Japan’s manufacturing PMI data stands at 48.6 pct vs 48.4 pct previous release (expected 48.7).
  • Market Data
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