Numbers out this morning show Japan has recorded its biggest current account deficit on record in January. The current account deficit, the first in 13 years came in at 172.8 Bio Yen, much higher than market forecasts of 15.3 Bio Yen.

Japan Feb outstanding Bank Loans +3.5% year- on -year.

USDJPY has drifted lower under 98.00 from it open at 98.35.

Nikkei open flat, up marginally, +0.25%