FxWirePro: Japanese yen remains almost unchanged after trade balance data
USD/JPY is currently trading around 111.54 marks. It made intraday high at 111.58 and low at 111.44 levels. Intraday bias remains neutral till the time pair holds key support at 111.00 mark. A daily close above 111.68 wi…
It made intraday high at 111.58 and low at 111.44 levels.
Intraday bias remains neutral till the time pair holds key support at 111.00 mark.
A daily close above 111.68 will take the parity higher towards key resistances around 112.60, 113.98, 114.54 and 115.24 levels respectively.
On the other side, a sustained close below 111.15 will drag the parity down towards key supports around 110.45, 109.42, 108.49, 107.65 and 105.25 levels respectively.
Japan Feb 2019 trade balance total yen increase to 339 jpy (forecast 310.2 jpy) vs previous -1415.6 jpy (revised from -1415.2 jpy).
Japan Feb 2019 imports yy decrease to -6.7 % (forecast -5.8 %) vs previous -0.8 % (revised from -0.6 %).
Japan Feb 2019 exports yy increase to -1.2 % (forecast -0.9 %) vs previous -8.4 %.
Tokyo's Nikkei share average opens up 0.59 pct at 21,576.36.
