February 8, 2012 12:07 AM GMT
The Japanese economy released the data for the current account, where it widened to 303.5 billion yen, compared with the prior reading of 138.5 billion yens and it less expectations of 340.1 billion yens.
Also, the data for the trade balance was released as well, where the trade-balance deficit narrowed to -145.8 Billion yens compared with the prior deficit of -585.1 billion yens, and it expectations of -135.0 billion yens
EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.
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