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USD/JPY Forecast: US Labor Data and Japanese Trade Terms Influence Yen’s Path
On Thursday, July 18, trade data from Japan influenced buyer appetite for the USD/JPY. Exports increased 5.4% year-on-year in June after rising 13.5% in May, while imports were up 3.2%. In May, imports increased by 9.5%. chart The Bank of Japan will likely take notice of the trade data as the July monetary policy meeting looms. Trade Data, the Japanese Economy, and the Bank of Japan Imports and exports signaled a weaker demand environment that could affect Q2 GDP numbers. In Q1 2024, the Japanese economy contracted by 0.5%. The exports of goods and services and private consumption impacted the economy. ... (full story)
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- Posted: Jul 18, 2024 12:22am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,248
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