-
Yen Gains Continue After Trade Data Beat
The Yen continued to gain on Thursday after the release of supportive Japanese trade data, but the trend was already for USD/JPY weakness after US President-elect Donald Trump’s Wednesday press conference, and it is hard to gauge the data’s precise impact. All we can say is that the numbers would probably have been Yen-supportive even without the focus on Washington. November’s trade balance was revealed to have been in surplus to the tune of ¥ 313.4 billion ($2.72 billion) as imports fell much faster than exports, leaving the old question marks over the country’s internal demand very much in place. That ... (full story)