Japanese trade deficit: Largest on record
- 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