• The downward drift in U.S. Treasury yields helped the low-yielding yen hold above recent eight-year lows against the greenback. 
  
  
• The yen also found marginal support in news that Japan logged a markedly smaller trade deficit of ¥424.6 billion ($3.5 billion) in Feb, down from a ¥1.18 trillion shortfall in Jan. 
  
  
• JPY buyers should take some comfort taking cover in the current market since the dollar has struggled recently to keep above the key ¥120 mark.