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FxWirePro: Japanese Yen gains in early Asia on robust current account data

Thursday, May 12, 2016 1:15 AM UTC

USD/JPY is currently trading around 108.34 marks.
It made intraday high at 108.50 and low at 108.22 levels.
Japan's current account surplus expanded from ¥2.43 trillion in February to ¥2.98 trillion in March, the biggest surplus since March 2007.
In addition, Japan released bank lending data with positive numbers at 2.2% m/m vs 2.0% previous release.
Intraday bias remains bearish for the moment.
A sustained break below 108.27 will drag the parity down towards 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.
Alternatively, a daily close above 109.32 will drag the parity up towards 111.23, 112.60 and 113.42 levels respectively.

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FxWirePro: Japanese Yen gains in early Asia on robust current account data

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