FxWirePro: Japanese yen trades marginally lower as core CPI data misses expectations

• USD/JPY is currently trading around 110.94 marks.
   
• It made intraday high at 110.97 and low at 110.70 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 110.35 mark.
   
• A daily close above 110.75 will take the parity higher towards key resistances around 111.26, 111.87, 112.56 and 113.44 levels respectively.
   
• On the other side, a sustained close below 110.75 will drag the parity down towards key supports around 109.82, 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
   
• Japan April CPI, core nationwide y/y decrease to 0.7 % (forecast 0.8 %) vs previous 0.9 %.
   
• Japan April CPI, overall nationwide decrease to 0.6 % vs previous 1.1 %.
   
• Japan April CPI index excluding fresh food increase to 100.9 vs previous 100.6.

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