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FxWirePro: Japanese yen trades marginally lower after CSPI data, BOJ’s core CPI data in focus

Tuesday, January 28, 2020 1:46 AM UTC

USD/JPY is currently trading around 108.99 marks.
It made intraday high at 109.00 mark and low at 108.81 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 108.89 will take the parity higher towards key resistances around 109.65, 110.22, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 108.89 will drag the parity down towards key supports around 108.42, 107.84, 106.76, 105.95, 104.00 and 102.22 levels respectively.
Japan’s CSPI (Corporate Services Price Index) remains unchanged at 2.1 pct.
Japan’s Nikkei was trading 0.86 pct lower at 23,142.50 points.
Japan will release core CPI y/y data around 0500 GMT.

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FxWirePro: Japanese yen trades marginally lower after CSPI data, BOJ’s core CPI data in focus

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