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Japan May trade balance data shows big slump for imports y/y, small jump for exports

Japanese Trade Balance data for May 2023Trade balance is -1372.5bn yenprior was -432.3bn yenImports -9.9% y/yexpected -10.3%, prior -2.3%)Exports +0.6% y/yexpected -1.2% prior +2.6%Exports to China were -3.4% y/yto Asia -8.1%to the US +9.4%to the EU +16.6%In other data, machinery orders for April +5.5% m/mexpected +3%, prior -3.9%and -5.9% y/yexpected -8%, prior -3.5%USD/JPY is barely changed after the data. What did move it overnight was the Federal Open Market Committee (FOMC):... Read More

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Posted: Jun 14 2023, 23:51

Author Name: forexlive

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