USD/JPY near 102 after Japan Current Account Data

The Japanese yen slipped against other major currencies in Asian deals on Monday, as the country’s current account surplus dropped in March.

Data from the Ministry of Finance showed that Japan recorded a current account surplus of 116.4 billion yen in March.  That was shy of forecasts for a surplus of 347.7 billion yen following the 612.7 billion yen surplus in February.

The trade balance showed a deficit of 1,133.6 billion yen – missing expectations for a shortfall 1,125.4 billion yen following the 533.4 billion yen deficit in the previous month.


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