- BOJ Core CPI y/y
Price Movement
Since yesterday, USD/JPY has been moving within a 60pips range.
Trend
USD/JPY is trending upwards.
Macro Background
Core Consumer Price Index (CPI), an inflation indicator that measures the change in the price of goods and services (excluding food and energy) purchased by consumers, was released at a worse than expected figure.
Not much impact on price upon the release of the Core CPI figure.
Important Issue
None.
Technical
USD/JPY rejected the resistance level of 109.744 and is currently moving downwards.
Price Levels
Current Price: 109.424
Next Support: 108.734
Next Resistance: 109.744