FxWirePro: Japanese yen trades marginally lower despite robust trade balance data

• USD/JPY is currently trading around 107.19 marks.
   
• It made intraday high at 107.20 and low at 106.98 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 106.99 mark.
   
• A daily close above 106.99 will take the parity higher towards key resistances around 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
   
• On the other side, a sustained close below 106.99 will drag the parity down towards key supports around 106.61, 105.98, 104.63, 103.34, 102.58 and 101.98 levels respectively.
   
• Japan March exports y/y increase to 2.1 % (forecast 4.7 %) vs previous 1.8 %.
   
• Japan March imports y/y decrease to -0.6 % (forecast 5.4 %) vs previous 16.6 % (revised from 16.5 %).
   
• Japan March trade balance total yen increase to 797.3 bln jp (forecast 498.3 bln jp) vs previous 2.6 bln jp (revised from 3.4 bln jp).
   
• Tokyo's Nikkei share average opens up 0.37 pct at 21,929.01.

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