FxWirePro: Japanese yen remains almost unchanged after trade balance data
Monday, March 18, 2019 1:15 AM UTC
- USD/JPY is currently trading around 111.54 marks.
- It made intraday high at 111.58 and low at 111.44 levels.
- Intraday bias remains neutral till the time pair holds key support at 111.00 mark.
- A daily close above 111.68 will take the parity higher towards key resistances around 112.60, 113.98, 114.54 and 115.24 levels respectively.
- On the other side, a sustained close below 111.15 will drag the parity down towards key supports around 110.45, 109.42, 108.49, 107.65 and 105.25 levels respectively.
- Japan Feb 2019 trade balance total yen increase to 339 jpy (forecast 310.2 jpy) vs previous -1415.6 jpy (revised from -1415.2 jpy).
- Japan Feb 2019 imports yy decrease to -6.7 % (forecast -5.8 %) vs previous -0.8 % (revised from -0.6 %).
- Japan Feb 2019 exports yy increase to -1.2 % (forecast -0.9 %) vs previous -8.4 %.
- Tokyo's Nikkei share average opens up 0.59 pct at 21,576.36.