FXS: Japan: Exports increase, imports contract, yen likely to weaken – BBH
FXStreet (Delhi) – Research Team at BBH, note that Japan today reported August trade and the adjusted balance came in at –JPY359 bln vs. –JPY377 bln expected.
Key Quotes
“Exports rose 3.1% y/y vs. 4.3% expected, while imports contracted -3.1% y/y vs. -2.5% expected.”
“The yen may resume its weakening trend as we move into Q4, when many expect further BOJ easing measures in light of the weakening Japanese economy. Near-term, the yen will be driven by the Fed.”
