EM
EM
Market read
A larger-than-expected trade deficit reflects structural pressures on the Yen, directly impacting trading dynamics for the USD/JPY pair and other Yen pairs. This result also relates to Japanese export stocks and risk asset valuations in emerging Asia.
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@financialjuice · 07/22, 06:50 AM
Market reactionJapan's trade balance for the reporting period recorded at -406.9B, significantly worse than the forecast of -120B and worse than the previous -391.8B.
A larger-than-expected trade deficit reflects structural pressures on the Yen, directly impacting trading dynamics for the USD/JPY pair and other Yen pairs. This result also relates to Japanese export stocks and risk asset valuations in emerging Asia.
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