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FxWirePro: Japanese yen trades almost flat against U.S. dollar after current account, bank lending data

  • USD/JPY is currently trading around 109.32 marks.
     
  • It made intraday high at 109.40 and low at 109.12 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 109.30 will take the parity higher towards key resistances around 110.32, 110.92, 111.87, 112.78, 113.75 and 114.17 levels respectively.
     
  • On the other side, a sustained close below 109.90 will drag the parity down towards key supports around 108.50, 107.32, 106.72, 106.03 and 104.96 levels respectively.
     
  • Japan Dec current account NSA jpy decrease to 797.2 bln jp (forecast 1017.5 bln jp) vs previous 1347.3 bln jpy.
     
  • Japan Jan bank lending y/y decrease to 2.4 % vs previous 2.5 %.
     
  • Tokyo's Nikkei share average opens up 0.35 pct at 21,721.57.

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