FXstreet.com (Barcelona) - The Dollar has rallied today against the Yen, recovering almost all the ground lost on Friday, and so far is crawling above 98.90 resistance level, on its way towards -months high at 99.68, as Japanese current account deficit widened.

The Dollar has reached 99.15 so far on its recovery from Mar 6 low at 96.57, and According to Benny Menashe, economist at Finotec Group Inc, the low trend on exports, is expected to continue: The yen declined against the dollar and the euro on concern Japan's economy will deteriorate further after a government report showed the nation posted its first current-account deficit in 13 years in January. The yen fell to 98.73 against the dollar in London today the currency also dropped to 124.87 per euro.

EUR/JPY has rallied from intra-day low at 1.2395 to resistance level at 1.2500, the pair could not get through here so far, but in case of successful jump above here, Mar 5 high at 125.77 would be exposed.