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FxWirePro: Japanese yen trades marginally higher after BOJ’s governor speech, current account data

  • USD/JPY is currently trading around 111.48 marks.
     
  • It made intraday high at 111.75 and low at 111.40 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 110.82 mark.
     
  • A daily close above 111.70 will take the parity higher towards key resistances around 112.10, 112.60, 113.98, 114.54 and 115.24 levels respectively.
     
  • On the other side, a sustained close below 111.70 will drag the parity down towards key supports around 110.80, 109.90, 109.42, 108.49, 107.65 and 105.25 levels respectively.
     
  • Japan Feb 2019 current account nsa jpy increase to 2676.8 jpy (forecast 2678.9 jpy) vs previous 600.4 jpy.
     
  • Japan Feb 2019 current account, goods increase to 4892.312 jpy vs previous -9648.407 jpy.
     
  • Tokyo's Nikkei share average opens up 0.43 pct at 21,900.55.
     
  • BOJ gov Kuroda - Japan's economy expected to expand moderately for time being, though affected by overseas slowdown.
     
  • BOJ gov Kuroda - Japan's financial system maintaining stability.
     
  • BOJ gov Kuroda - BOJ will maintain QQE with yield curve control for as long as needed to achieve 2 pct inflation in stable manner.
  • Market Data
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