The Japanese Yen (JPY) remains on the defensive against its American counterpart for the second straight day on Thursday and hovers near the weekly low during the Asian session, though lacks follow-through selling.
USD/JPY dip and rallied on Thursday, etching in a low of 150.02 before recovering into the 150.60 region after US PMIs came in mixed but overall pointed to the upside.
Japan's Merchandise Trade Balance Total for January fell by less than expected, printing at ¥-1.75 trillion after an unexpected upswing in Japanese Exports, which rose to a 14-month high of 11.9% YoY versus the forecast decline to 9.5% from the previous period's 9.7% (revised from 9.8%).