Japanese trade balance scheduled for Tuesday, March 18. Coincident index and leading index scheduled for Wednesday, March 19. Better than expected data will likely fuel a break below key support at 101.25 in the USD/JPY. Disappointing data will likely reinforce support, and could help the USD regain some of the previous week’s losses. Should the trade balance come out worse than forecasted, expect the current support level to remain the same. The Initial target should be set at 102.50-102.64.
Written by Daniel Elo, www.EconomicCalendar.com
