Japan's Corporate Service Price Index Declines In October

Japan's Corporate Service Price Index Declines In October

For the 24 hours to 23:00 GMT, the USD weakened 0.83% against the JPY and closed at 81.88.

In the Asian session, at GMT0400, the pair is trading at 82.15, with the USD trading 0.33% higher from yesterday's close.

Data released this morning indicated that Japan's corporate service price index fell 0.7% (YoY) in October, against the expectations for a decline of 0.6% and compared to a 0.5% drop in September.

The pair is expected to find support at 81.88, and a fall through could take it to the next support level of 81.61. The pair is expected to find its first resistance at 82.40, and a rise through could take it to the next resistance level of 82.65.