USD/JPY trades near 111.40 during initial Friday. In spite of clearing the 200-day simple moving average (SMA) on Thursday, the pair refrained from extending its upside as 100-day SMA and positive data from Japan caps the pair’s immediate advances. The Tokyo Consumer Price Index (CPI) ex Fresh Food (YoY), a preferred inflation gauge for the Bank of Japan, grew more than 1.0% market consensus to 1.1% in February. Also, Tokyo CPI increased 0.6% on a yearly basis in February from 0.4% market consensus and prior. The pair needs to surpass 111.40 in order to aim for 111.60, 111.80 and 112.00 consecutive resistances. During the pair’s extended rise past-112.00, 112.20 and 112.80 may gain buyers’ attention. Alternatively, pair’s slip under 200-day SMA level of 111.30 may recall 110.90 and 110.50 support levels on the chart. Moreover, pair’s extended declines past-110.50 could be confined by the 50-day SMA level of 109.80 and two-month-old ascending support-line of 109.65. USD/JPY daily 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 XRP/USD has some potential for growth ahead – Confluence Detector FX Street 4 years USD/JPY trades near 111.40 during initial Friday. In spite of clearing the 200-day simple moving average (SMA) on Thursday, the pair refrained from extending its upside as 100-day SMA and positive data from Japan caps the pair's immediate advances. The Tokyo Consumer Price Index (CPI) ex Fresh Food (YoY), a preferred inflation gauge for the Bank of Japan, grew more than 1.0% market consensus to 1.1% in February. Also, Tokyo CPI increased 0.6% on a yearly basis in February from 0.4% market consensus and prior. The pair needs to surpass 111.40 in order to aim for 111.60, 111.80 and 112.00… 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.
