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Trade data weighs on USD/JPY, but decent bids by 120

Tuesday, May 5, 2015 1:19 PM UTC

US Mar Trade Deficit surge dents Treasury yields & USD, but it's Q1
Non-Mfg ISM for Apr more relevant to Medium-Term Fed tightening view pre NFP
Good bids 120.00-05: Down TrendLine From 122.04, 23.6% 118.50-120.51 & day's low
Daily Cloud top also at 119.97; offers by 120.50/60/85/121.00
USD 940mln of 120.50 expiries at 10ET

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Trade data weighs on USD/JPY, but decent bids by 120

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