USD/JPY slipped -0.2% to 113.20 overnight where the dollar was on the backfoot following bullish sentiment surrounding Sino/US trade relations which boosted riks and US stock markets spurring on paring back of both speculative and safe haven longs in the greenback.
In data, the US consumer prices were steady in November, lower gasoline prices keeping a lid on the headline. "The core CPI rose a firmer 0.2% with the annual pace at 2.2% from 2.1%. This was right in line with consensus. Real average hourly earnings continue to firm, the annual rate hitting 0.8%, its strongest since mid-2017," analysts at Westpac noted.
Support levels: 113.10 112.90 112.55
Resistance levels: 113.70 114.00 114.40
Source : FXstreet