The yen weakened slightly against the dollar on Wednesday after Japan's February trade deficit reached ¥800 billion, wider than the ¥590 billion expected, but narrower than the deficit of ¥2.79 trillion in January. USD/JPY traded at 101.4, after the data and ahead of a 1030 Tokyo time (0130 GMT), Bank of Japan board member Takahide Kiuchi speech to business leaders in western Japan and BOJ Governor Haruhiko Kuroda is also due to join a Tokyo panel discussion from 1400 to 1715 (0500-0815 GMT).
The Australian dollar remained flat after a private survey showed a downbeat trend for economic expectations.
AUD/USD traded at 0.9126, up 0.02%, Australia's Westpac-MI March leading index fell 0.1%, showing a sharp loss of momentum since February's drop of 0.2% marked the first sub-trend reading since December 2012.
NZD/USD traded at 0.8608, down 0.12%, after New Zealand's fourth quarter current account balance narrowed to a deficit of NZ1.43 billion, from a deficit of NZ$4.88 billion and slightly above an expected NZ$1.41 billion, reflecting strong goods and services trade.
Overnight, the dollar traded mixed to higher against most major currencies on Tuesday after Russian President Vladimir Putin assured the world Moscow is not out to annex Ukraine, while expectations for the Federal Reserve to trim its monthly bond-buying program offset hit-or-miss U.S. housing indicators.
Gold, which trades inversely with the dollar, has been a safe-haven asset class of choice during the crisis, and Putin's calming words enticed investors out of the yellow metal and back into greenback positions a day ahead of the Federal Reserve's March statement on monetary policy.
AUD/USD traded at 0.9126, up 0.02%, Australia's Westpac-MI March leading index fell 0.1%, showing a sharp loss of momentum since February's drop of 0.2% marked the first sub-trend reading since December 2012.
NZD/USD traded at 0.8608, down 0.12%, after New Zealand's fourth quarter current account balance narrowed to a deficit of NZ1.43 billion, from a deficit of NZ$4.88 billion and slightly above an expected NZ$1.41 billion, reflecting strong goods and services trade.
Overnight, the dollar traded mixed to higher against most major currencies on Tuesday after Russian President Vladimir Putin assured the world Moscow is not out to annex Ukraine, while expectations for the Federal Reserve to trim its monthly bond-buying program offset hit-or-miss U.S. housing indicators.
Gold, which trades inversely with the dollar, has been a safe-haven asset class of choice during the crisis, and Putin's calming words enticed investors out of the yellow metal and back into greenback positions a day ahead of the Federal Reserve's March statement on monetary policy.
http://www.investing.com/news/forex-news/forex---jpy-sightly-weaker-after-feb-trade-deficit-higher-than-expected-272816
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