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USD/JPY Forecast: Japan Trade Deficit Creates More BoJ Pivot Uncertainty

From fxempire.com

On Wednesday, the Reuters Tankan Index and trade data from Japan drew investor interest. The Reuters Tankan Index unexpectedly declined from +6 points to -1 point in February. Economists forecast an increase to +7 points. However, trade data for January had more impact after the recent Q4 numbers signaled a technical recession. The trade balance fell from a ¥62.1 billion surplus to a ¥1,758.3 billion deficit. Economists forecast a trade deficit of ¥1,925.9 billion. According to figures released by the Ministry of Finance, Exports increased by 11.9% year-over-year after rising by 9.8% in December. Exports to China ... (full story)

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  • Category: Fundamental Analysis