Japanese trade deficit: Largest on record

Author: Sean Lee | Category: News
  • January trade deficit 1475 billion Yen
  • Imports +10% YoY; exports -9% YoY
  • Exports to China fell by 20% YoY, exports to Asia fell by 14%

The Nikkei has opened over 1.5% higher, following global rather than domestic leads.

EUR/JPY failed to break through the technical resistance mentioned earlier and has fallen back to 105.30