JPY review: Western Union

Quotes from Western Union:

- Better trade figures from Japan counterintuitively weighed on the yen by fanning risk appetite. Japan's trade gap was nearly 60% smaller than year ago levels, helped by a big jump in exports which soared 17% in January. 

- The data offered concrete evidence of how the weaker yen and oil prices were starting to bear fruit for the world's No. 3 economy.  

- Japanese stocks at one point overnight flirted with 15-year highs which tempered demand for safe havens like the yen.