FxWirePro: Japanese yen marginally lower after Tokyo core CPI, household spending data
Tuesday, December 27, 2016 1:07 AM UTC
- USD/JPY is currently trading around 117.25 marks.
- It made intraday high at 117.33 and low at 117.04 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 117.97 will take the parity higher towards key resistances around 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 117.00 will drag the parity down towards key supports around 116.54, 114.77, 113.98, 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
- Japan’s December CPI core Tokyo y/y decreases to -0.6 % (forecast -0.4 %) vs previous -0.4 %.
- Japan’s Nov CPI, core nationwide y/y stays flat at -0.4 % (forecast -0.3 %) vs previous -0.4 %.
- Japan’s Nov unemployment rate increases to 3.1 % (forecast 3.0 %) vs previous 3.0 %.
- Japan’s Nov all household spending y/y decreases to -1.5 % (forecast 0.2 %) vs previous -0.4 %.
- Japan’s Nov CPI index stays flat at 100.4 vs previous 100.4.
- Japan will release construction orders and housing starts data at 0500 GMT.