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Forex: USD/JPY in session lows around 95.40/45

FXstreet.com (Barcelona) - The Japanese yen is appreciating against its American counterpart on Thursday, dragging the cross to the vicinity of 95.20 ahead of the first press conference by the new BoJ Governor H.Kuroda.

Previous data showed that the trade deficit widened to ¥1.086 trillion in February from ¥0.737 trillions in the previous month, with exports contracting 2.9% and imports expanding 11.9%.

At the moment, the cross is losing 0.61% at 95.42 with the next support at the psychological level of 95.00 ahead of 94.83 (low Mar.20) and finally 94.72 (low Mar.19).
On the flip side, a breakout of 96.11 (high Mar.21) would open the door to 96.28 (high Mar.12) and then 96.60 (high Mar.14).

United Kingdom: Public Sector Net Borrowing (Feb): £4.356B vs £-10.263B

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