In what analysts are calling a knee-jerk response to an otherwise anticipated likely one-off event, the Japanese Yen resumed its downward movement against the U.S. Dollar, and was trading earlier at 81.3210. The Japanese Ministry of Finance reported earlier a current account deficit for January, the first in three years and attributed to the Chinese New Year’s effect on exports; according to the data, the deficit was recorded at 437.3 billion Japanese Yen, well above expectations of 317.8 billion Japanese Yen. Read more