FxWirePro: Japanese yen strengthens in early Asia on robust household spending, core CPI data

• USD/JPY is currently trading around 110.98 marks.
   
• It made intraday high at 111.33 and low at 110.94 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 111.70 marks.
   
• A daily close above 111.26 will take the parity higher towards key resistances around 112.07, 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
   
• On the other side, a sustained close below 111.26 will drag the parity down towards key supports around 110.62, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
   
• Tokyo's Nikkei share average opens down 0.16 pct at 20,048.46.
   
• Japan June CPI, core nationwide y/y stays flat at 0.4 % (forecast 0.4 %) vs previous 0.4 %.
   
• Japan June unemployment rate decrease to 2.8 % (forecast 3.0 %) vs previous 3.1 %.
   
• Japan July CPI core Tokyo y/y increase to 0.2 % (forecast 0.1 %) vs previous 0.0 %.
   
• Japan June all household spending m/m increase to 1.5 % (forecast -0.1 %) vs previous 0.7 %.
   
• Japan June retail sales y/y increase to 2.1 % (forecast 2.3 %) vs previous 2.0 %.

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