Dollar rises for third session off week lows against yen

Economies.com
2019-02-20 06:06AM UTC

USD/JPY rose in Asian trade off February 11 lows following Japanese data and ahead of US developments today. 

 

As of 05:53 GMT, USD/JPY rose 0.19% to 110.84, with an intraday high at 110.93, and a low at 110.55. 

 

Earlier Japanese data showed the trade deficit up to 0.37 trillion yen from 0.22 trillion in December, missing estimates of a surplus of 0.17 trillion. 

 

Exports fell 8.4%, compared to a 3.9% drop in December, as imports fell 0.6%. 

 

Japan will go for a 10-day national holiday starting April 27 to celebrate the coronation of a new emperor. 

 

Now investors await the Federal Reserve's meeting minutes for the January 29-30 meeting, at which policymakers voted to hold rates unchanged below 2.50%. 

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