FxWirePro: Japanese yen trades marginally higher after BOJ’s governor speech, current account data
Monday, April 8, 2019 1:27 AM UTC
- USD/JPY is currently trading around 111.48 marks.
- It made intraday high at 111.75 and low at 111.40 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 110.82 mark.
- A daily close above 111.70 will take the parity higher towards key resistances around 112.10, 112.60, 113.98, 114.54 and 115.24 levels respectively.
- On the other side, a sustained close below 111.70 will drag the parity down towards key supports around 110.80, 109.90, 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan Feb 2019 current account nsa jpy increase to 2676.8 jpy (forecast 2678.9 jpy) vs previous 600.4 jpy.
- Japan Feb 2019 current account, goods increase to 4892.312 jpy vs previous -9648.407 jpy.
- Tokyo's Nikkei share average opens up 0.43 pct at 21,900.55.
- BOJ gov Kuroda - Japan's economy expected to expand moderately for time being, though affected by overseas slowdown.
- BOJ gov Kuroda - Japan's financial system maintaining stability.
- BOJ gov Kuroda - BOJ will maintain QQE with yield curve control for as long as needed to achieve 2 pct inflation in stable manner.