Japan national CPI matched 0.5% forecasts whereas core CPI crossed market expectations. Geopolitical news reports may gain more attention due to lack of economics on hand and Good Friday holidays at major markets. USD/JPY trades near 112.00 during early Friday after Japan’s headline inflation number matched estimations with core figure beating the forecasts. Japan’s March month national consumer price index (CPI) (YoY) matched expectations of 0.5% increase versus 0.2% earlier while national CPI ex-fresh food, also known as national core CPI, ticked up from 0.7% forecast and prior to 0.8%. It should also be noted that national CPI ex-food and energy remained unchanged at 0.4%. Even after recovering most of the losses on the back of upbeat retail sales print by the US, the USD/JPY pair remained on the downside as investors chose to avoid taking risks ahead of the long weekend including Good Friday break. It can also be said that geopolitical news reports from North Korea and Libya also supported safe-havens. With the Japanese markets open amid close at various global bourses, traders may observe developments surrounding Japan and risk-on for fresh impulse as the economic calendar is silent for the rest of the day. USD/JPY Technical Analysis Unless clearing the region between 111.80 and 112.15 comprising highs marked Since March 05, lesser moves are expected to take place. In case of a downside break, 200-day simple moving average (SMA) near 111.55, followed by 111.30 and 111.00, could please sellers ahead of challenging them with 100-day SMA level near 110.80. Alternatively, an upside clearance of 112.15 can escalate the quote to 112.30 but a downward sloping trend-line since October 2018 may question the bulls around 112.85 which if broken could print 113.20 and 113.80 on the chart. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Price Analysis: ETH/USD bulls break past $170 and aim for $180-level FX Street 4 years Japan national CPI matched 0.5% forecasts whereas core CPI crossed market expectations. Geopolitical news reports may gain more attention due to lack of economics on hand and Good Friday holidays at major markets. USD/JPY trades near 112.00 during early Friday after Japan's headline inflation number matched estimations with core figure beating the forecasts. Japan's March month national consumer price index (CPI) (YoY) matched expectations of 0.5% increase versus 0.2% earlier while national CPI ex-fresh food, also known as national core CPI, ticked up from 0.7% forecast and prior to 0.8%. It should also be noted that national CPI ex-food and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.