What's on the economic calendar today

The focus is on Japan in the hours ahead with trade balance data due.

The numbers are out at 2350 GMT (8:50 am in Tokyo).

  • Trade balances expected at a 449B yen deficit
  • Adjusted trade balance expected at a 206B yen deficit
  • Exports expected -1.6% y/y
  • Imports exp -7.3% y/y

All that FX devaluation and exports are still down. There's a lesson there for the rest of the world.

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