Yesterday’s trade saw USD/JPY within the range of 118.37-119.63. The
daily high has also been the highest level since January 9th, when a
high of 119.91 was recorded. The pair closed at 119.43, gaining 0.67% on
a daily basis.
At 10:28 GMT today USD/JPY was up 0.30% for the day to trade at 119.79. The pair touched a daily high at 119.87 at 10:36 GMT.
A lesser-than-projected deficit would have a certain bullish effect on the greenback. The Financial Management Service, US Treasury is to publish the official figure at 19:00 GMT.
Read more at Click here / www.trade4x.net
At 10:28 GMT today USD/JPY was up 0.30% for the day to trade at 119.79. The pair touched a daily high at 119.87 at 10:36 GMT.
Fundamentals
United States
Monthly Budget Statement
The United States probably recorded a government budget deficit of USD 10.0 billion in January, according to expectations, after a surplus of USD 2.0 billion during the previous month. If so, this would be the lowest deficit figure since December 2012, when the gap amounted to USD 1.2 billion.A lesser-than-projected deficit would have a certain bullish effect on the greenback. The Financial Management Service, US Treasury is to publish the official figure at 19:00 GMT.
Read more at Click here / www.trade4x.net
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