USD/JPY is showing little movement,4/10

USD/JPY is showing little movement in the Wednesday session. In the North American session, the pair is trading at 111.08, down 0.07% on the day. In Japan, Core Machinery Orders gained 1.8%, missing the estimate of 3.0%. Japanese PPI rose 1.3%, above the estimate of 1.0%. in the U.S., consumer inflation numbers were mixed. In the U.S., CPI was stronger than expected, with gain of 0.4%, above the estimate of 0.3%. Core CPI remained steady at 0.1%, shy of the estimate of 0.2%. Later in the day, the FOMC releases the minutes of the March policy meeting. On Thursday, the U.S. releases PPI.The economic outlook for Japan remains bleak, as the bruising U.S.-China trade war has damaged the manunfacturing sector and taken a toll on Japanese exports.
•110.90 is a weak support level
•112.16 is the next resistance line
•Current range: 110.90 to 112.16