During the Asian session, we followed the Trade Balance data from the Japanese frontline. Foreign trade surplus in the country amounted to 641.4 billion yen, compared with a 270 billion yen expectation, along with the sharp rise in exports and the impact of imports' retrenchment. Even though the surplus of surplus over expectations has led to a slight retreat in the USD/JPY parity, the pair has maintained a strong outlook this morning.

Technically speaking, persistence above the 113.00 level is crucial for the USD/JPY's gains to be visible, with the numbers at 114.00 and 114.80, respectively. In the case of weak USD/JPY trading, 112.40 and 111.60 support levels can be followed. When we look at the February 2017 forecasts of USD/JPY parity, the first expectations will be a bit negative for the traders.

Comment Send

• 

  First 2017 Expectations about COCOA Parity (Forecasts of Cocoa Parity)

• 

  MARCH 2017 Forecasts of EUR/USD Parity

• 

  First 2017 Expectations about GOLD Market (Forecasts of Gold Market)

• 

  September 2016 Forecasts of Brent Oil Market

• 

  First 2017 Signals of Copper Market

• 

  Forecasts EUR/TRY Parity in MAY 2017

• 

  Forecasts of GOLD Market in APRIL 2017

• 

  First 2017 Signals of Brent oil Market

• 

  FEBRUARY 2017 Forecasts CRUDE OIL Market

• 

  APRIL 2017 Forecasts CRUDE OIL Market