FxWirePro: Japanese yen appreciates after trade balance data

• USD/JPY is currently trading around 106.20 marks.
   
• It made intraday high at 106.36 and low at 106.13 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 106.27 will take the parity higher towards key resistances around 107.00, 107.90, 108.64, 110.32, 110.92, 111.87, 112.78, 113.75 and 114.17 levels respectively.
   
• On the other side, a sustained close below 106.27 will drag the parity down towards key supports around 105.55, 104.96 and 103.34 levels respectively.
   
• Japan Jan trade balance total yen decrease to -943.4 bln jp (forecast -1002.2 bln jp) vs previous 358.7 bln jp (revised from 359 bln jp).
   
• Japan Jan exports y/y increase to 12.2 % (forecast 10.3 %) vs previous 9.3 %.
   
• Japan Jan imports y/y decrease to 7.9 % (forecast 8.3 %) vs previous 14.9 %.
   
• Tokyo's Nikkei share average opens up 0.84 pct at 21,903.66.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest