On Monday, the evergreen buck managed to gain against the Japanese yen in Asia as trade figures from Japan demonstrated a wider than expected trade gap with American markets shut for a public holiday and also attention turning to Greece as well as the progress of its bailout program.
Japan told that exports ascended 1.3% in January, quite below the 4.7% revenue expected, while imports leapt 8.5%, which is more than the 4.7% surge seen for a trade deficit of about ¥1.087 trillion, compared to the expected gap of ¥637 billion. Japan’s exports to America dipped 6.6% and soared 3.1% to China year-on-year.
The currency pair USD/JPY hit 112.91, growing 0.06%, while AUD/USD reached 0.7668, surging 0.08%. EUR/USD showed 1.0628, leaping 0.12% as euro zone finance ministers have their regular gathering on Monday in which the status of the bailout program for Greece will be a major topic.
The US dollar index, assessing the greenback’s value against a trade-weighted basket of six significant currencies, demonstrated 100.89.
