07.04.201621:09:00UTC+00Fxwirepro: Japanese Yen falls Slightly Despite Better Than expected Current Account Data

  • USD/JPY is currently trading around 108.65 marks.
  • It made intraday high at 108.81 and low at 108.06 levels.
  • Today Japan released current account data with positive numbers.
  • The current account surplus expanded from 520.8 billion in January to 2.43 trillion in February, coming in higher than the median analyst forecast of a 2.03 trillion surplus.
  • Export receipts grew from 5.35 trillion in January to 5.64 trillion in February, while import payments fell from 5.77 trillion to 5.22 trillion.
  • Pair was seen trading at its weakest level in 18 months and touched 107.68 marks.
  • A daily close below 107.68 will take the parity down towards 107.43, 107.09 and 105.72 levels.
  • On the top side, initial resistance levels are seen at 109.68, 111.23, and 112.60 marks.



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