• FxWirePro: Japanese Yen trades almost flat after trade balance data

    Source: FxWire Pro - Technicals / 18 Mar 2018 21:22:28   Eastern Standard Time

    • USD/JPY is currently trading around 105.90 marks.
       
    • It made intraday high at 106.15 and low at 105.87 levels.
       
    • Intraday bias remains neutral for the moment.
       
    • A daily close above 105.95 will take the parity higher towards key resistances around 106.80, 107.32, 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
       
    • On the other side, a sustained close below 105.95 will drag the parity down towards key supports around 105.25, 104.96 and 103.34 levels respectively.
       
    • Japan Feb exports y/y decrease to 1.8 % (forecast 1.9 %) vs previous 12.3 % (revised from 12.2 %).
       
    • Japan Feb imports y/y increase to 16.5 % (forecast 17.1 %) vs previous 7.9 %.
       
    • Japan Feb trade balance total yen increase to 3.4 bln jp (forecast -99.6 bln jp) vs previous -944.1 bln jp (revised from -943.4 bln jp).
       
    • Tokyo's Nikkei share average opens down 0.64 pct at 21,537.90.

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