FXstreet.com (CÃ³rdoba) - In the last hours the Yen got stronger across the board. USD/JPY broke bellow 94.20 to 93.97, posting the lowest price for the American session. The pair is now 0.55% below today's opening price; falling for the first time in three days. Below 94.00 the next support lies at 93.75.
The FastBrokers Research Team afirms: Japan will release its Trade Balance during America's evening session, creating the possibility of heightened volatility in the USD/JPY. Japan will also deliver Household Spending and its Tokyo Core CPI data points on Thursday. Investors will be eyeing tonight's Trade Balance data to see whether there is a noticeable improvement in demand for Japan's exports. A larger than expected surplus coupled with an outperformance in exports could help fuel an immediate-term global equity rally. However, it remains to be seen whether stronger Japanese data would have a positive or negative impact on the USD/JPY.